Opinion: Bitcoin Mining Faces an "Extremely Challenging" Market, Electricity Becomes the Key Currency
According to ChainCatcher, as reported by CoinDesk, at the SALT conference in Jackson Hole, executives from Bitcoin mining companies stated that the traditional Bitcoin halving cycle is having a diminishing impact on mining operations, as institutional demand and power infrastructure are reshaping the industry. With increasing hash rates and tightening mining profit margins, securing low-cost energy has become the key to profitability.
For example, Cleanspark is expanding its business beyond Bitcoin mining, leveraging its energy infrastructure to provide services for artificial intelligence and data centers. Terawulf, on the other hand, has reached a $6.7 billion lease-backed agreement with Google, converting hundreds of megawatts of its mining infrastructure into data center space.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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