Bitcoin miners operating at break-even, says BIT

BIT (formerly Matrixport) noted that the Bitcoin mining industry is undergoing its most complex restructuring. In a post on X, the firm explained that while the BTC network hashrate is near its all-time high of around 1 ZH/s, a decline in the price of BTC has left most mining companies operating at their break-even point. This divergence between hashrate and price, coupled with the difficulty of surviving on mining revenue alone, is forcing a reorganization ahead of the 2028 halving. To find a breakthrough, mining companies are exploring other ventures such as operating AI infrastructure and engaging in energy arbitrage. BIT added that even if the current situation persists, the industry is unlikely to collapse, and the miners that survive will be positioned to lead the next cycle.