$BTC HASHRATE EXIT COULD REWRITE THE MINER SUPPLY MAP š
š¦ The Q2 data shows at least 35 EH/s leaving listed miners, nearly 4.7% of the 750 EH/s network, and CoinShares sees no easy return even if $BTC rallies. AI infrastructure is paying about $1.5M per megawatt versus $500K from mining, while listed miners' average Q2 cash cost sits near $75,500 per BTC.
š” That changes the supply-side math: hashrate is no longer just a price lever, it is competing with contracted AI margins. If $BTC revisits production cost, the market may see fewer reflexive miner capitulations and a more durable structural floor. š¬ Does this pivot make $BTC less supply-sensitive or just shift the next squeeze to energy contracts?
ā ļø Not financial advice. Always manage your risk. š”ļø
š·ļø #BTC #Hashrate #AIInfrastructure #MinerEconomics #Crypto
šÆ
š¦ The Q2 data shows at least 35 EH/s leaving listed miners, nearly 4.7% of the 750 EH/s network, and CoinShares sees no easy return even if $BTC rallies. AI infrastructure is paying about $1.5M per megawatt versus $500K from mining, while listed miners' average Q2 cash cost sits near $75,500 per BTC.
š” That changes the supply-side math: hashrate is no longer just a price lever, it is competing with contracted AI margins. If $BTC revisits production cost, the market may see fewer reflexive miner capitulations and a more durable structural floor. š¬ Does this pivot make $BTC less supply-sensitive or just shift the next squeeze to energy contracts?
ā ļø Not financial advice. Always manage your risk. š”ļø
š·ļø #BTC #Hashrate #AIInfrastructure #MinerEconomics #Crypto
šÆ