As of December 2nd, reports indicate Bitcoin mining profits have plummeted due to significant market corrections. Unit hashrate revenue has dropped to 35 USD per PH/s, below the median costs faced by mining firms, pushing payback periods over 1,000 days.
The total network hashrate now approaches 1.1 ZH/s. With companies like CleanSpark repaying their Bitcoin mortgages and significant funds raised in Q4, the mining sector is evolving toward deleveraging and managing liquidity in this challenging environment.
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