BIT Official: The current Bitcoin mining industry is nearly at breakeven point. The 2028 block reward halving will eliminate weaker mining companies.

Jinse Finance reports that on June 26, BIT Official's daily chart analysis stated that the Bitcoin mining industry is experiencing the most complex structural turning point since the birth of the Bitcoin protocol. On the surface, Bitcoin's price reaching $61,000 and the network hashrate nearing an all-time high of 1,020 EH/s seem to indicate strong industry performance. However, beneath the surface, the industry's economic conditions present a starkly different picture—continuously shrinking profit margins, incentive imbalances, and the upcoming block reward halving in 2028 will force the entire industry into a comprehensive reshuffling.

But this does not mean the industry is heading toward collapse. Mining companies that can survive and successfully transform are building business models more resilient than simply producing Bitcoin. They are gradually transitioning into infrastructure operators, energy arbitrageurs, and AI computing service providers. If this transformation succeeds, it will not only reshape the mining industry itself but may also redefine the security model of the Bitcoin network for the next cycle and beyond.

The report employed five independent analytical frameworks—production cost model, hashrate and price divergence analysis, fee income analysis, network security expenditure analysis, and industry profit and loss (P&L) analysis—all of which reached the same unsettling conclusion: the current Bitcoin mining industry as a whole is operating near break-even levels and has yet to find credible new sources of revenue.

However, despite the challenging operating environment, some mining companies still have the capability to sustain development in the current climate based on their own advantages.