Bitcoin Miners Squeezed as 20% Operate Below Cost
An estimated one in five miners is now unprofitable at current BTC prices, and the stress is propagating to the network itself.
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An estimated one in five miners is now unprofitable at current BTC prices, and the stress is propagating to the network itself.
The signal isn't just the cost line — it's that public miners are now running at a structurally negative margin while BTC trades in the low production-cost band, a setup that historically pressures…