Odaily Planet Daily News: Juri Bulovic, head of mining at Foundry, a cryptocurrency mining and staking company, said that many miners expected Bitcoin to reach $100,000 and did not consider that the price would fall below $20,000, so many companies had difficulty meeting their debt obligations. It is expected that the trend of mining in 2023 will be cost minimization and debt reduction. According to TheMinerMag data, mining companies that rely on natural gas or grid power, such as Digihost (DGHI), Greenidge Generation and Argo Blockchain (ARBK), saw their costs soar in the third quarter. Industry insiders expect that miners will migrate to South America, the Middle East and Southeast Asia due to the supply of cheap electricity.