
A data-driven look at the current squeeze on bitcoin mining: how much of the fleet may be unprofitable at today’s hashprices, which operators are most exposed, and what miner strategies mean for BTC liquidity and price.

Bitcoin mining economics are under renewed pressure as hashprice falls, hosting deals are renegotiated, and large operators cut output. This piece unpacks Cango’s 30% reduction, evidence of miner selling from firms like CleanSpark, and what the next 6–12 months could mean for BTC and miner survivability.