Mining Profitability Squeezed in January as Marathon Moves BTC, Bitmain Cuts Prices

Marathon Digital Holdings transferred over 2,125 BTC while retaining more than 52,000 BTC (second globally), as Bitmain lowered S19/S21 (Bitmain mining rigs) pricing to $3–$8 per TH/s (terahashes per second) and expanded hosting (third-party data center services) bundles.

BTC

65d ago

Summary

January saw crypto mining profitability under pressure. Marathon Digital Holdings moved more than 2,125 BTC yet held over 52,000 BTC (second globally). Rigs such as the S19 XP+ Hyd (Bitmain hydro-cooled miner) neared shutdown, and S21 (Bitmain miner model) was cited at $69K–$74K. Bitmain cut S19/S21 prices to $3–$8 per TH/s (terahashes per second) and broadened hosting (third-party data center services) bundles.

Terms & Concepts

TH/s (terahashes per second): A unit of mining speed; higher TH/s means more hashes computed and greater chance to earn block rewards.
Hydro-cooled miner: A mining rig using liquid cooling to manage heat, improving efficiency and enabling higher performance density.
Hosting (third-party data center services): Colocating mining rigs with a provider that supplies power, cooling, and maintenance for a fee.