Bitmain just slashed mining rig prices, proving the market’s oldest “Bitcoin rule” is officially dead
Bitmain significantly cut Bitcoin mining rig prices due to falling hashprice, indicating the traditional rule that rising Bitcoin prices automatically drive up ASIC prices is obsolete.Summary
Bitmain recently slashed prices on its current-generation Bitcoin mining rigs, including hydro and immersion models, following a drop in miner revenue per unit of hashrate (hashprice) in November. This move demonstrates that the market's historical "Bitcoin rule"—where BTC price strength leads to hardware scarcity and markups—is dead because margin expansion is not occurring. Internal price lists show quotes as low as $3/TH for some S19 Hydro variants and around $4/TH for S19 XP+ Hydro container bundles shipping in 2026. The pricing reflects that miner demand is now dictated by payback math based on compressed hashprice (around $35–$50/PH/day), rather than scarcity narratives. Furthermore, the market is shifting toward an industrial model where manufacturers manage turnover amid competition, and miners are prioritizing AI/HPC diversification over maximizing hashrate. Bitmain is also bundling hardware with hosting packages (around 5.5–7.0¢/kWh), suggesting that access to efficient power is the new binding constraint for expansion.
(Source：CryptoSlate)