Bitcoin mining profits have compressed to a historic low
The industry enters a survival screening period
BTC's significant correction in November has caused unit hash rate earnings to drop from 55 to 35 USD/PH/s
It has fallen below the median total cost of listed mining companies at about 44 USD/PH/s
BTC
92,012.43
+1.88%
Mining companies are generally shifting towards deleveraging and liquidity preservation
The industry is entering a new round of survival screening phase
