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Bitcoin Mining Faces 'Extremely Difficult' Market, Electricity Key Currency: Report
Summary: According to CoinDesk, executives from Bitcoin mining companies at the SALT conference in Jackson Hole stated that the traditional Bitcoin halving cycle's impact on mining operations is diminishing, with institutional demand and power infrastructure reshaping the industry. With increasing computing power and tightening mining profit margins, obtaining low-cost energy has become crucial for profitability. For ...
According to CoinDesk, executives from Bitcoin mining companies at the SALT conference in Jackson Hole stated that the traditional Bitcoin halving cycle's impact on mining operations is diminishing, with institutional demand and power infrastructure reshaping the industry. With increasing computing power and tightening mining profit margins, obtaining low-cost energy has become crucial for profitability. For example, Cleanspark is expanding its business beyond Bitcoin mining, using its energy infrastructure to serve artificial intelligence and data centers. Terawulf has reached a $6.7 billion leasing support agreement with Google, converting its hundreds of megawatts of mining infrastructure into data center space.
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Link: Bitcoin Mining Faces 'Extremely Difficult' Market, Electricity Key Currency: Report [Copy]
