Bitcoin miners turn to renewables as hash price sinks to $38.56 per PH/s/day

Hash price has slipped to about $38.56 per PH/s/day, below the $40 profitability mark, pushing miners to expand solar, wind, and hydro power to trim costs. New sites in Texas, Ethiopia, and Briscoe County launched in September and November as margins tightened. Halving in April 2024 and higher difficulty have further pressured revenue.