American Bitcoin miners are facing challenges from resource competition, and they are accumulating cryptocurrency funds to cope with pressure on profit margins. Companies like Mara Holdings, Riot Platforms, and CleanSpark have raised over $3.7 billion from investors, capitalizing on the rise in Bitcoin prices. These funds have primarily been obtained through zero or near-zero interest convertible bonds.

However, Russell Cann, Chief Development Officer of Core Scientific, pointed out that profitability and access to the power grid remain complex challenges. Miners are planning to expand the capabilities of artificial intelligence, which indicates a reversal in industry prospects. Cann predicts that future Bitcoin computing power will come more from outside the United States.💡