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Bitcoin miners are experiencing significant economic challenges as network mining difficulty rises to 148.2 trillion, with expectations of reaching 150 trillion in January 2026. The average cost to mine one BTC is approximately $100,000, while market prices hover around $87,000.

Major hardware manufacturers like Bitmain are cutting prices on ASIC units, signaling distress in the mining sector. Many miners are pivoting to operate as data centers for AI and high-performance computing to secure more stable revenue.

Additionally, discussions regarding the management of Ukraine's Zaporizhzhia nuclear power plant have surfaced, with potential implications for energy supply to miners. Russia, while cracking down on illegal mining, is also exploring legal mining opportunities, exemplified by Sberbank's recent financing deal with Intelion Data, using mined cryptocurrency as collateral. The trend indicates a shift in the industry, with miners increasingly identifying as AI data center operators.