Canaan Pauses Ethiopia Mining as Bitcoin Margins Crack
The Ethiopia pause adds a company-level signal to a broader mining squeeze, with Bitcoin facing one of its biggest difficulty drops while miner income remains under pressure.
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The Ethiopia pause adds a company-level signal to a broader mining squeeze, with Bitcoin facing one of its biggest difficulty drops while miner income remains under pressure.
The 11th-largest downward adjustment on record follows a 15% June price drop that idled unprofitable rigs — and the structural reallocation of hashpower to AI keeps that capacity from coming back…