Bitcoin mining hash prices are currently near record lows. At approximately 39.4 USD per petahash per day, this is below the breakeven threshold for many miners.
In response to increasing operational costs, mining companies are turning to renewable energy. Notable projects include Sangha Renewables’ 20 MW solar facility in Texas and Phoenix Group’s 30 MW hydropower operation in Ethiopia.
The Bitcoin mining industry faces severe economic pressures, such as rising energy costs and decreased mining rewards, making profitability challenging amid record-low hash prices.
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