大老师Bugsbunny |DRAM UP only
大老师Bugsbunny |DRAM UP only|12月 29, 2025 06:08
Let me break it down briefly: North America is facing power shortages, so electricity supply is prioritized. Currently, the revenue of North American mining farms is concerning. The same electricity is better allocated to data centers. Plus, the costs of North American mining farms are significantly higher than other mining regions. Data centers are more profitable compared to the sunset industry of mining and can boost stock prices. All of this has led to a decline in North America's share of BTC mining, and North American mining is becoming weaker. Green energy and regular electricity are not part of the discussion here. Even with green energy, supplying data centers is still significantly better than crypto mining farms. ———— This is why power shortages in North America are bearish for BTC. So, during the business transition period, will mining companies like MARA sell or partially sell the BTC they hold?
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