⛏#BTC

With the Bitcoin halving drawing near, Luxor estimates that approximately 600,000 S19 bitcoin rigs, which constitute the majority of machines currently in use, are relocating primarily out of the U.S. to regions like Africa and South America, where energy costs are lower. Previously, the S19 could cost up to $11,500 per unit to purchase, but post-halving, each machine is expected to fetch only about $350.