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November Profit Crisis: 70% of Top Miners Pivot to $20B AI Market

November Profit Crisis: 70% of Top Miners Pivot to $20B AI Market

Bitcoin mining profitability plunged to record lows in late 2025 as the hash rate dropped below $35 per petahash per second, while production costs rose to $44.8 per petahash. This forced miners into payback periods over 1,200 days and drove a major industry shift, with 70% of top mining companies now earning revenue from artificial intelligence infrastructure.