Miners

MARA shares climbed after the bitcoin miner said it has begun converting U.S. facilities into AI-ready campuses to tap growing demand for compute. Analysts welcomed the diversification but warned the plan depends on securing confirmed tenants and navigating conversion costs.

JPMorgan reports Bitcoin’s estimated production cost fell from roughly $90,000 to about $77,000 after mining difficulty and network hashrate declined. The bank says the change reduces short-term pressure on miners and improves margins.

Cambridge (CBECI) data shows miners paying $0.10 per kWh or more are likely operating at a loss on each Bitcoin mined. The squeeze heightens the risk of shutdowns, added selling pressure and hash-rate volatility.

Operators across the southern United States are preparing for a major ice storm that could force temporary shutdowns to protect strained power grids, echoing miner curtailments during the 2022 Texas winter storm. Markets and hash rate may see short-term disruption if outages occur.

Bitcoin fell below $100,000 to $97,000 amid increased whale and miner selling, marking a six-month low. Traders are watching key supports at $95K, $82K, and $66K for signs of further downside or stabilization.

The Hash Rate Momentum Score — a so-called 'miner heartbeat' — indicates sustained miner confidence in Bitcoin's network, reflecting continued hashing strength and resilience.

CryptoQuant shows a surge of Bitcoin transfers from whale and miner wallets into Binance, raising near-term selling pressure concerns. Large inflows to exchanges typically increase available supply and can amplify volatility.