Bitcoin miners currently earn just 45 USD per PH/s, marking a significant decline due to increased mining difficulty and constant BTC prices. Miners find themselves liquidating BTC holdings to manage operational expenses against a backdrop of rising energy costs.
The profitability decline is also reflected in mining stocks like Valkyrie Bitcoin Miners ETF, down 50% year-to-date. Despite BTC’s overall recovery, mining remains under pressure from reduced margins and potential tariffs on equipment.
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