Experts believe that companies are focused on the future increase in Bitcoin's price, despite current challenges.
Bitcoin mining is becoming increasingly difficult and less profitable, especially without access to cheap electricity.
Even with the recovery of BTC's price, the hashrate remains at the break-even point—around $40 per PH/s. Three major companies, including MARA and Core Scientific, are facing a production cost of more than $60,000 per coin.
In response, MARA and Riot are accumulating BTC, while Core sells everything mined to cover expenses.AltCoin. TM
