**[EMCD Launches Miner Support Program, Offering Up to $30 Million to Address Mining Profitability Crisis]** BlockBeats News, July 27: Bitcoin mining pool and crypto financial platform EMCD announced on July 27 the launch of a "Miner Support Program," which will provide up to $30 million in support to eligible miners. This includes financing, fee reductions, and discounts on hardware and infrastructure partnerships. The program comes at a time when the Bitcoin mining industry is facing severe profitability pressures following the halving. According to CoinShares Q1 2026 data, Bitcoin hash price has dropped to approximately $28/PH/day, a 50% decline from its October 2025 peak, marking a historic post-halving low. Hashrate Index data shows that due to declining profitability, approximately 252 EH/s of hash power has exited the market, with many outdated mining machines forced to shut down due to high operational costs. Additionally, there have been three consecutive downward mining difficulty adjustments, the first occurrence since July 2022, reflecting a large-scale industry shakeout. EMCD stated that the support program will provide solutions tailored to the operational needs of mining companies, including offering miners under financial pressure collateralized liquidity support at an annualized rate of 3.9% to help cover operational costs. The program also includes a 60-day mining pool fee waiver to reduce mining expenses. Furthermore, EMCD will offer discounts on Vnish firmware for miners using outdated or inefficient machines and, through its partner network, provide equipment procurement and data center services to assist miners in scaling or migrating their hash power. Founded in 2017, EMCD currently operates a Bitcoin mining pool covering over 120 markets, managing more than 30 EH/s of hash power, and ranks among the top ten Bitcoin mining pools globally. [Original Link]