Crypto Miners Are Losing Nearly $20,000 On Each Bitcoin Produced

Crypto Miners Are Losing Nearly $20,000 On Each Bitcoin Produced Cryptocurrency miners are losing a growing amount of money on the Bitcoin (CRYPTO: $BTC) they produce.  Ongoing volatility and declining prices mean that crypto miners such as Riot Platforms (NASDAQ: $RIOT), MARA Holdings (NASDAQ: $MARA), and Hut 8 (NASDAQ: $HUT) are now losing $19,000 U.S. on each BTC they mint.  Checkonchain estimates that the average production costs for one Bitcoin currently stands at $88,000 U.S.  More From Cryptoprowl: ...