CNBC reported that the latest decline in cryptocurrency prices has made bitcoin mining no longer profitable. This shift is largely due to a significant drop in the value of bitcoin, making it difficult for miners to cover their costs and earn a profit. The decline marks another challenge for the crypto industry, which has faced numerous hurdles in recent years.
Source: https://www.cnbc.com/2026/02/24/bitcoin-mining-is-no-longer-profitable-after-cryptos-latest-downward-turn.html