🚨 Bitcoin Mining Costs Have Just Hit a Record High $DOGE
The cost of mining Bitcoin has reached an all-time high, reflecting a sharp increase in operational expenses across the mining industry. $SUI Rising energy prices, higher hash rate competition, and capital-intensive hardware requirements are all contributing to growing pressure on miners’ profit margins.$NEAR
This surge in mining costs is forcing less efficient miners to shut down or consolidate, while large, well-capitalized operators gain a stronger position. Historically, record-high mining costs have often coincided with periods of market stress, but they can also lay the groundwork for longer-term supply tightening, as weaker miners exit and selling pressure potentially eases once the market stabilizes.
