Miner profit margins have bottomed out, with 110 billion in holdings under pressure; some mining companies have shifted to AI data centers—could this be the beginning of a wave of computational power migration?

CryptoWorld News reports that, according to Cointelegraph, Bitcoin miners’ profit margins have fallen to a historical low, with the daily return for 1 TH/s of hashrate dropping from $0.39 to $0.28. Miners and mining pools currently hold about $110 billion worth of Bitcoin, and their net positions have changed negatively since the beginning of May. Bitcoin’s production cost is approximately $62.6k, with an electricity break-even point of $50.1k, while American Bitcoin Corp’s cost per mined coin is about $36.2k. Some miners have redirected their electricity resources to AI data center businesses, and institutional spot Bitcoin inflows now exceed miners’ output.