Opinion: Bitcoin mining faces an "extremely difficult" market, with electricity becoming a key currency

ChainCatcher news, according to CoinDesk, at the SALT conference in Jackson Hole, executives from Bitcoin mining companies stated that the traditional Bitcoin halving cycle's impact on mining operations is weakening, and institutional demand and power infrastructure are reshaping the industry. As computing power increases and mining profit margins tighten, acquiring low-cost energy has become key to profitability.

For example, Cleanspark is expanding its business beyond Bitcoin mining, leveraging its energy infrastructure to provide services for artificial intelligence and data centers. Terawulf has reached a $6.7 billion leasing support agreement with Google to convert its hundreds of megawatts of mining infrastructure into data center space.