According to Jinse Finance, TheMinerMag reports that the Bitcoin mining industry is experiencing the most severe profit contraction in 15 years, with hash prices falling to a structural low of about $35/PH/s. The recoup investment period for new generation mining rigs has extended to over 1000 days, while the next Halving is only about 850 days away. As profitability worsens, mining companies are starting to deleverage, and CleanSpark has fully repaid its Bitcoin collateralized credit line. Mining company stocks have also fallen sharply, with MARA, CleanSpark, Riot, and HIVE seeing declines between 32% and 54% since mid-October.
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