Bitcoin Mining Crash: Bitmain Slashes Hardware Costs To Stay Afloat
Bitmain has significantly reduced prices for its Bitcoin ASIC hardware, including models like the S19e XP Hydro, to as low as $3 per TH/s, in response to plummeting mining profitability and high inventory levels. This follows the April 2024 halving, which cut block rewards, and a sharp Bitcoin price drop from its October 2025 peak. Mining revenue per TH/s has hit multi-year lows, forcing operators to reassess expansion and seek cheaper equipment or power. The price cuts are aimed at clearing stock quickly, triggering secondary market declines and bulk sales. While some miners see short-term relief with low power costs, the industry faces potential consolidation unless Bitcoin’s price recovers.
bitcoinist12/27 19:32
