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Cango

Coverage of Cango in the Nexus archive.

Earliest in view: Jun 19 · 18:35 UTCMost recent: Jun 19 · 18:35 UTC
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  • BUSINESSJun 19 · 18:35 UTCBITCOIN MAGAZINE
    JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost

    JPMorgan analysts state Bitcoin has traded below its estimated $78,000 production cost for five consecutive months, causing roughly 20% of miners to operate unprofitably. Publicly listed miners sold a record 32,000 bitcoin in Q1 2026 to fund operations, with mining difficulty and hashrate showing heightened sensitivity to price declines.