Just noticed something interesting about bitcoin miners right now. The price is hovering around $72,700, but mining costs are sitting at around $87,000 per coin. That's a pretty brutal gap that's squeezing miners hard.

I've been watching this unfold over the past few weeks, and it's getting tighter. When you're burning cash on every bitcoin miner operation just to keep the lights on, something's gotta give. A lot of smaller operations are probably feeling the heat right now.

The thing is, this kind of price pressure on miners usually doesn't last forever. But in the short term, we're definitely seeing some consolidation happening in the mining space. Interesting to see how this plays out as we move forward.