Bitcoin briefly slid to $72,863 on Bitstamp on Tuesday, but publicly traded mining stocks managed to post mixed-to-positive daily performances even as U.S. stock indexes closed firmly in the red. Bitcoin Miners Defy Red Screens Amid Geopolitical Jitters Bitcoin’s dip followed a risk-off jolt after Reuters reported the U.S. shot down an Iranian drone approaching […]
Read MoreDay: February 4, 2026
Bitcoin Miners Hit ‘Shutdown Prices’ as Profitability Slumps to Multi-Month Low
Older and mid‑range mining rigs like the Antminer S19 XP+ Hydro, Whatsminer M60S and Avalon A1466I have reportedly already crossed shutdown thresholds, while even newer S21 units are nearing viability limits. The Profitability Cliff The bitcoin mining industry is facing a severe profitability squeeze this week as a combination of falling cryptocurrency prices and high […]
Read More