Bitcoin mining faces major challenges: electricity becomes the 'real currency'
According to CD, executives at the SALT conference in Jackson Hole believe the Bitcoin mining industry is entering a 'very difficult' phase as the traditional halving model gradually loses its effectiveness.
🔑 Highlights:
• Cheap electricity has become a vital factor, determining profitability in the context of rising hash rates and shrinking profit margins.
• Major mining companies like Terawulf, IREN, Marathon, and Cleanspark are diversifying into AI and data centers to create additional stable revenue streams.
• Combining multi-purpose infrastructure with low energy costs is seen as the key to maintaining profitability and competitiveness.
➡️ This reality shows that in the Bitcoin mining industry, electricity is now the real currency determining the survival of businesses. $BTC