Bitmain offers major discounts on mining rigs amid industry downturn

Chinese mining rig manufacturer Bitmain is offering significant discounts on its flagship products as the Bitcoin mining industry grapples with declining profitability, Cointelegraph reported. The discounts apply to most of the company's products, including its S19 and S21 series. Additionally, Bitmain has shifted some products from fixed pricing to an auction-based sales model, a move rarely seen during previous industry booms. The report notes that the current hash rate price has fallen below the minimum profit margin for mining operators.