tech
February 24, 2026
Bitcoin mining is no longer profitable after crypto's latest downward turn, analyst says
Bitcoin briefly sank below $63,000 on Tuesday, dragging down its miners alongside it.
TL;DR
- Most bitcoin miners are no longer profitable as the cryptocurrency's price has fallen significantly.
- Bitcoin's year-to-date decline has pushed hash prices to levels unprofitable for many operations.
- Some mining firms like Bitmine Immersion Technologies, MARA Holdings, and CleanSpark have seen their stock prices decline.
- Companies like Cipher Mining and TeraWulf are transitioning to high-performance computing (HPC) services.
- HPC offers an alternative revenue stream as demand from hyperscalers increases.
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