Network hash rate remains high while Bitcoin prices are weak; Bitmain significantly reduces Bitcoin miner prices.

On December 27, according to TheMinerMag, Bitmain has recently significantly reduced the prices of Bitcoin mining machines, with several S19/S21 series entering the “fire sale” range. Internal pricing shows that the S19e XP Hydro and 3U S19 XP Hydro are as low as $3/TH/s, the S19 XP+ Hydro is about $4/TH/s; the S21 immersion machine is approximately $7/TH/s, and the S21+ Hydro is about $8/TH/s. Previously, the company launched a bundle plan for the S19 XP+ Hydro, equivalent to about $4/TH/s, and in November, it started auction-style sales for the S19k Pro at a starting price of $5.5/TH/s. Analysis indicates that since network hash rate remains near its all-time high, while Bitcoin prices have retreated, the hash rate price has hovered near multi-year lows, increasing pressure on the mining industry. This environment has squeezed miners’ profit margins, reduced demand for new equipment—especially for less efficient models—and intensified competition between ASIC miner manufacturers and second-hand market sellers.