Bitcoin mining faces ‘incredibly difficult’ market as power becomes the real currency

Bitcoin miners are grappling with inflated power costs that threaten their profitability. Executives emphasize the need for a shift toward energy monetization rather than strictly focusing on hash rates.

Firms like Cleanspark and Terawulf are evolving by diversifying revenue streams, with Cleanspark exploring power monetization and Terawulf converting mining infrastructure into data centers.

Despite diversifying, the core focus remains on Bitcoin as executives recognize its foundational role in their business models, highlighting the necessity of maintaining efficient power structures.