The increasing cost of producing one Bitcoin, coupled with intense competition among miners, has squeezed the profitability of Bitcoin mining in the United States. In response to this worsening profitability, several major US mining firms have raised capital to acquire additional Bitcoin. This surge in Bitcoin purchases by miners suggests that they anticipate the value of Bitcoin will increase despite the current market volatility. While the profitability of Bitcoin mining may fluctuate in the short term, the long-term prospects for Bitcoin remain strong, and miners are positioning themselves to benefit from any potential price increases.

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