Bitcoin’s Industrial Crunch: Miners Face ‘Survivorship Phase’ as Margins Collapse

The U.S. Bitcoin mining sector has entered a critical “survivorship phase,” with November data confirming a structural inversion in mining economics. For the first time in this cycle, the median cost to produce hashrate has significantly exceeded the revenue it generates, forcing public miners to pivot from aggressive expansion to defensive liquidity management. Analysts Reginald […] Read The Full Article Bitcoin’s Industrial Crunch: Miners Face ‘Survivorship Phase’ as Margins Collapse On Coin Edition.