Challenging Economic Conditions for Bitcoin Miners

Despite Bitcoin's price rising to around $93,000, many miners are experiencing declining profitability. The hashrate index—which measures income per unit of computational power—remains near record-low levels. Additionally, the CoinShares Valkyrie Bitcoin Miners ETF has dropped over 50% since its peak in December 2024, highlighting ongoing struggles within the mining sector

$BTC 💻✨💵