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Bitmain Aggressively Cuts Bitcoin Mining Hardware Prices Amid Falling Miner Profitability

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Bitcoin news broke as Bitmain slashed prices on its S19 and S21 mining rigs, responding to falling miner profitability. The cuts, which include hosting bundles and auction pricing, come amid a weak hashprice and rising network hashrate. The move aims to speed up sales and inventory turnover as margins shrink. The fear and greed index for miners continues to trend lower.
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