Bitcoin miners’ earnings hit lowest level since April amid $7,000 price drop
Crypto Briefing
Bitcoin miners' earnings reached their lowest point since April following a $7,000 price decline, severely impacting profitability.Summary
Bitcoin miners are experiencing their weakest earnings since April after Bitcoin's price dropped by $7,000, falling from $107,000 to $100,000. This price decline has significantly reduced mining profitability and hashprice, intensifying financial pressure on operators already burdened by high electricity costs. The reduced viability of mining operations has led to rapid revenue drops in some regions, such as Ethiopia, causing some miners to scale back operations or explore relocating to areas with lower energy costs.
(Source：Crypto Briefing)