JPMorgan says Bitcoin mining economics have deteriorated as BTC trades about 19% below its estimated $78,000 production cost, forcing public miners into record coin sales and rendering roughly 20% of the industry unprofitable.
Oman launched a mandatory state-backed Bitcoin mining pool requiring all licensed miners to participate, tightening regulatory oversight while expanding the country's $700 million-plus push into industrial-scale Bitcoin mining.
Bitcoin's recent crash may have found a durable bottom near $60,000 because that level roughly matches the production cost of the most efficient miners, creating an energy-based floor.
TeraWulf Inc. acquired a 1 GW AI-focused data center site in Kentucky, advancing its pivot toward high-performance computing infrastructure and sending shares up 11% on strong investor response.
Canaan Inc. landed a Nordic district heating deal using hydro-cooled miners to warm ~2,800 homes, marking a major step toward scalable “hash-to-heat” infrastructure.
A solo Bitcoin miner overcame roughly 1-in-100,000 odds to mine block 944,306, earning the full 3.128 BTC reward worth about $222,000 using CKpool with 70 TH/s of hashpower.
