🚨 Breaking News | Special Coverage | Developing Story
Time: 10:58 PM, – New York City 🗽⏰
In a News Flash shaking the crypto mining sector, Bitcoin’s hashprice has fallen to its lowest level ever, plunging below $35 per PH/s, marking the weakest reading on record and triggering a sharp drop in miner profitability ⚠️📉.
Reports indicate the all‑time low was $34.49 per PH/s, with a seven‑day average near $37.48, representing more than a 50% decline year‑to‑date. [finance.yahoo.com]
This Urgent News update highlights a perfect storm: rising mining difficulty, elevated energy costs, and a slower‑than‑expected recovery in Bitcoin’s price. As margins evaporate, many operators—ranging from small setups to industrial farms—are shutting down rigs or liquidating reserves, with a recent wave showing miners selling 30,000 BTC in just 48 hours to cover losses 😓⚡. [finance.yahoo.com]
Tonight’s Front‑Page Scoop underscores escalating pressure across the mining ecosystem, where the imbalance between high difficulty and shrinking hashprice continues to push profitability to historic lows.
The downturn is now forcing a large number of miners to explore alternative revenue streams as mining economics tighten further 🔥💡.
#BitcoinMining #HashpriceCrash #CryptoAlert #MiningEconomics 🚨📊