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The Darkest Hour of Bitcoin Mining: From Money Printing Machines to Gold-Devouring Beasts, the Great AI Exodus of Mining Companies
Spring 2026 seems colder for Bitcoin miners than any year before.
Once regarded as the "digital gold printing press," the mining industry is now facing an unprecedented survival crisis. When the cost to mine one Bitcoin reaches about $80,000, while the market price hovers between $66,000 and $68,000, each newly mined Bitcoin results in a net loss of nearly $19,000. This is no longer just profit compression; it has directly pierced the industry's lifeline.
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