Bitcoin miners faces profit squeeze as hashprice declines by 28%

Bitcoin’s recent decline has left many miners struggling to maintain profitability, according to Hashrate Index analyst Karan Farahmi. Although the flagship asset has already recovered to $55,000, Farahnmi noted that the present price is close to or at breakeven for most Bitcoin miners. While several miners are struggling to maintain profitability, the major factor appears

Source: Cryptopolitan