Bitcoin climbed near $80,000 in early September—but most public miners were still below cash breakeven, having spent an average of ~$75,500 to produce one BTC while price sat around $58,400 the quarter before.
The culprit: hashprice hit a record low of $27.7/PH/s/day in June, forcing miners to shut down inefficient rigs, cancel equipment orders, and in some cases pivot entirely toward AI and HPC infrastructure.
Can a higher BTC price actually save the miners left behind? We break it all down on the KuCoin Blog 👇
https://t.co/C8c2xatMXG