Bitmain, leading ASIC manufacturer, slashes prices on mining hardware, offering discounts on S19 and S21 machines. Even flagship S21 ASICs offered at $7 discount per TH/s, with some bundles auctioned off. Sales reflect tough mining industry conditions, with hashprice hitting multi-year low of $35 per TH/s/day, forcing miners to consider shutdowns.

Mining industry faces economic stress with margin hitting breakeven point of $40 per TH/s/day. Sales reflect industry grappling with BTC market downturn, rising energy costs, regulatory issues, and supply chain risks. Miners resort to renewable energy to cut costs post-April 2024 halving event reducing block subsidy to 3.125 BTC.

BTC price drops over 20% from January high of $109,000, currently over 7% lower than start of 2025. Tough year for BTC mining, which was expected to be strong but ended in the red. Industry faces challenges with falling prices and rising costs, pushing miners to the edge.

Read more at Cointelegraph: Bitmain Advertises Steep Discounts on Hardware to Miners Amid Industry Rout