## Bitcoin Miners Under Pressure: A Perfect Storm of Rising Costs and Falling Prices Cointelegraph reports a concerning trend in the Bitcoin mining industry. Rising operational costs, coupled with declining Bitcoin prices, are squeezing miners' profit margins, threatening their survival and impacting the entire mining equipment supply chain. The Bitcoin hash price, a critical profitability metric, has plummeted from $62 per PH/s in July to approximately $42 per PH/s. This sharp decline is forcing miners to re-evaluate their operations. TheMinerMag highlights that some miners are contemplating suspending operations altogether due to the dwindling profitability. This situation has cast a shadow over the Bitcoin mining equipment market, with manufacturers like Bitdeer opting for self-mining rather than selling equipment amid weak demand. Facing these challenges, an increasing number of Bitcoin mining companies are exploring alternative avenues, such as converting to AI and high-performance computing data centers. These ventures offer potentially higher margins compared to Bitcoin mining, which is plagued by rising energy costs, intensified competition, and expensive mining equipment. ```