Report: Bitcoin Mining Enters "Worst Profit Cycle in History", Mining Companies Under Pressure

[Report: Bitcoin Mining Enters “Worst Profit Cycle in History”, Miners Under Pressure] The Miner Mag reports that the Bitcoin mining industry is experiencing the most severe profit contraction in 15 years, with hash prices falling to around $35/PH/s, a structural low. The recoup investment period for the new generation of mining rigs has extended to over 1000 days, while the next Halving is only about 850 days away. As profitability worsens, miners are beginning to deleverage, with CleanSpark having fully repaid its Bitcoin collateralized credit line. Mining stocks have also fallen sharply, with MARA, CleanSpark, Riot, and HIVE seeing declines ranging from 32% to 54% since mid-October.