Bitmain just slashed mining rig prices, proving the market’s oldest “Bitcoin rule” is officially dead
Bitmain cut prices on Bitcoin mining rigs on Dec. 23 after miner revenue per unit of hashrate fell in November. The discounts, which extend to current-generation hydro and immersion products, are landing in a cycle in which Bitcoin’s price strength has not translated into the kind of mining-margin expansion that previously drove hardware scarcity and...
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