CoinShares|Mar 31, 2026 13:00
Bitcoin mining is under pressure.
Q4 2025 marked the toughest quarter since the halving:
- BTC -31% from ATH
- Hash price at 5-year lows
- ~$80K cost to mine 1 BTC
Meanwhile, miners are pivoting massively to AI.
Here’s what’s really happening: (CoinShares)
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