Bitcoin’s sharp decline below $63,000 has pushed its price perilously close to—and in some cases below—the estimated cost of mining the cryptocurrency. The sell-off triggered over $2 billion in liquidations, raising concerns about miner profitability as production costs vary dramatically across the industry. Analysts caution that widely shared mining cost estimates may be misleading, with real expenses depending heavily on energy deals and operational efficiency.
about Bitcoin Plunge Tests Mining Economics as Costs Vary WidelyIris Energy
0 in Finance and 1 in Crypto last weekBitcoin Mining Crisis: AI Pivot Splits Industry Amid Profit Plunge
Bitcoin mining profitability has collapsed to two-year lows as record network difficulty and vanishing fees create an industry crisis. The sector is rapidly dividing between traditional miners facing existential threats and those successfully pivoting to AI infrastructure services, with hashprice dropping 19% in just one month to $42.14 per terahash per day despite Bitcoin trading around $101,500. This structural shift is fundamentally rewriting the business model for cryptocurrency mining operations worldwide, creating a stark divide between those riding out Bitcoin’s hardest math problem and those rewriting it entirely through AI.
about Bitcoin Mining Crisis: AI Pivot Splits Industry Amid Profit PlungeTesla Pay Package Vote, Palantir Slips, AMD Pre-Earnings Dip
Significant market movements are underway as one of Tesla’s largest shareholders announces plans to vote against Elon Musk’s massive pay package, creating uncertainty around the company’s governance. Palantir shares are falling despite an earnings beat, while AMD declines ahead of its own financial results. Infrastructure stocks like IREN, CIFR, LUMN, and AMKR are reversing yesterday’s gains with substantial pre-market losses, and Beyond Meat plunges after delaying its earnings report, indicating broader market volatility across multiple sectors.
about Tesla Pay Package Vote, Palantir Slips, AMD Pre-Earnings DipB.C. Makes Crypto Mining Ban Permanent
British Columbia has moved to permanently ban new cryptocurrency mining operations from connecting to its provincial power grid through the proposed Energy Statutes Amendment Act. The government says the measure will prioritize electricity for high-value industries like natural gas and LNG that better serve economic growth and job creation goals. Crypto industry leaders warn the decision could push Bitcoin mining investment to regions with less clean energy, representing what they call a missed opportunity for collaboration.
about B.C. Makes Crypto Mining Ban PermanentBitcoin Mining Stocks Surge 73-124% in September, Outpace BTC
Bitcoin mining stocks dramatically outperformed Bitcoin itself in September, with several major miners posting gains between 73% and 124%. This surge occurred despite ongoing pressure on mining economics and weaker on-chain activity. The divergence highlights growing investor interest in mining equities as leveraged plays on Bitcoin’s future.
about Bitcoin Mining Stocks Surge 73-124% in September, Outpace BTCCrypto Stocks Soar on Fed Dovish Signals, Ethereum ETFs Rebound
Federal Reserve Chair Jerome Powell’s dovish speech at Jackson Hole triggered a rally in crypto stocks, with Ethereum treasury companies and Bitcoin miners leading gains of 8-15%. While Bitcoin ETFs bled $1 billion over five days, Ethereum ETFs rebounded with $288 million in net inflows. Figure Technologies filed for an IPO, highlighting its dominance in tokenized private credit with over $16 billion in processed home loans. The market reaction reflects optimism around potential rate cuts, though analysts caution about underlying economic challenges including debt and inflation. Other developments include Nasdaq delisting Windtree Therapeutics and Bitdeer’s plans to manufacture mining rigs in the US.
about Crypto Stocks Soar on Fed Dovish Signals, Ethereum ETFs Rebound