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News Explorer — Bitcoin's Falling Price Risks Making US Mining Unprofitable

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Jan 27, 12:42 pm
Decrypt

Bitcoin's Falling Price Risks Making US Mining Unprofitable

According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), the cost of mining one Bitcoin in the U.S. exceeds its current market price. Mining firm Canaan told Decrypt that they have taken strategic decisions to reduce their risk profile, while many U.S. Bitcoin miners have pivoted to AI data center operations in the past year and a half.

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