Reported about 21 hours ago
Despite promises of support from Donald Trump during his campaign, Bitcoin miners in the U.S. are reporting significant financial losses as they release their first quarterly earnings since his return to the White House. Most of the top miners are expected to report losses due to increased competition, higher mining difficulty, and rising operational costs, with only CleanSpark Inc. anticipated to show a profit. This challenging landscape is compounded by tariffs on mining equipment and recent halving events that have decreased Bitcoin rewards, raising concerns over the future profitability and expansion of these companies.
Source: YAHOO