Bitmain, the most important manufacturer of application-specific integrated circuits (ASICs), the machines used to mine Proof-of-Work (PoW) cryptocurrencies, has reportedly cut prices on several generations of mining hardware amid industry-wide turmoil within the mining industry.
According to TheMinerMag, the corporate is offering package deals and discounts across the board, including on its S19 and S21 series machines, which were considered “distress sales” in the beginning of 2025 when the worth of Bitcoin (BTC) rose.
Even newer flagship mining hardware just like the S21 immersion-cooled ASICs were offered at discounts of $7 per terahash second (TH/s), and a few hardware packages were auctioned off to mining operators who could “name their very own price,” TheMinerMag said.
The discounts got here amid certainly one of the worst profit margin environments for the mining industry, because the hash price, the expected revenue per unit of computing power used to mine a block, fell to a multi-year low of nearly $35 per terahash/second per day (TH/s/day).
Bitcoin mining hash price last 12 months. Source: Hashrate Index
A margin of $40 per TH/s/day is taken into account a break-even point for miners, forcing operators to contemplate shutting down operations until economic conditions improve.
The sales reflect the stressful economic realities for the mining industry, which is very competitive even in favorable market conditions but is now grappling with a BTC market downturn, rising energy costs, regulatory issues and provide chain risks.
The mining industry has reached its limits
Following the April 2024 halving, where the block subsidy was reduced by half to three,125 BTC per block, mining corporations are turning to renewable energy to cut back variable costs.
The reduced block reward every 4 years is usually offset by rising BTC prices; However, 2025, which was alleged to be a meteoric 12 months for BTC, led to the red, with the worth plummeting from a high of over $126,000 in October to a low of $80,000 in November.
The price of BTC is now lower than it was at first of 2025. Source: CoinMarketCap
Bitcoin price, on the time of writing, is over 7% lower than it was on the primary day of 2025 and almost 20% lower than its peak of over $109,000 on January 20, the day of the US President's inauguration.
