Bitcoin miners in the United States are stockpiling the cryptocurrency as they face rising costs and tougher competition. Companies like Mara Holdings, Riot Platforms, and CleanSpark have raised $3.7 billion since November. The recent surge in Bitcoin's price to $100,000 has given miners an opportunity to convert hype into profit. President Donald Trump's commitment to making BTC an American enterprise has also encouraged miners to invest more. However, the average cost to produce one Bitcoin for US-listed miners has increased to $55,950. Miners are relying on the soaring hash price to stay profitable. Mining operations consume large amounts of energy, and regulators in Texas have imposed new reporting requirements. Miners are now competing with AI developers for resources, and some are considering moving operations offshore or pivoting into the AI industry. Despite Bitcoin's high price, miners face intense competition and uncertainties in the industry.



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