Bitcoin Miners Hoard BTC Amid Rising Costs

Krutika Adani

Bitcoin Miners Worried

  • US Bitcoin miners are stockpiling billions in BTC to survive soaring energy costs and fierce competition.

  • Giants like Mara Holdings, Riot Platforms, and CleanSpark have raised $3.7B since November to stay ahead.

Halving Slashes Rewards, Costs Surge

  • April's halving cut daily mining rewards from 900 BTC to 450, making profitability tougher.

  • Production costs jumped to $106K per BTC, forcing miners to hold instead of sell.

Trump’s Pro-Bitcoin Stance Fuels Investments

  • Trump’s return has supercharged mining, with policies supporting US-based BTC production.

  • Miners are doubling down, with Mara Holdings alone holding 45K BTC worth $4.4B.

Miners Expand Globally to Survive

  • US mining firms are moving offshore, targeting energy-rich regions like Kenya and the UAE.

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