🚨 Bitcoin Miners Stockpile Coins Amid Profit Squeeze 🚨
U.S. Bitcoin miners, including Mara Holdings, Riot Platforms, and CleanSpark, are accumulating Bitcoin to navigate tightening profit margins caused by rising energy costs and increased competition. Despite Bitcoin’s recent surge to $100,000, miners face challenges in profitability and grid access. The April halving, reducing rewards from 900 to 450 coins daily, has intensified these issues. High production costs persist, but the rising Bitcoin price has allowed miners to raise funds and bolster reserves. Additionally, Texas utility regulators have introduced new energy data reporting requirements, and the growing energy demand from AI developers poses further sustainability threats. Some miners plan to expand offshore to areas with surplus energy, while others are shifting to leasing data center capacity to AI hyperscalers. Nonetheless, the industry’s future remains uncertain due to fluctuating energy costs and fierce competition for resources. 
