According to the latest mining report from CoinShares, the weighted average cost for listed mining companies to mine one Bitcoin has risen to about $80000, and the current price of BTC is $66000- a loss of 20000 per mined Bitcoin. Mining companies are collectively trapped in a pattern where the more they dig, the more they lose. Now is not the time for mining companies to suffer the most losses. By August to October this year, mining companies are expected to suffer even more losses! Turning around in a timely manner is also a wise move.