Bitcoin Miners Face Rising Difficulty, Congestion, Seek AI Deals

The Bitcoin mining industry is facing significant challenges as rising difficulty levels put pressure on miners. Despite these headwinds, miners continue to invest in new hardware. Many firms are diversifying their operations, seeking revenue from other sources such as lucrative AI deals. The profitability of traditional Bitcoin mining is under scrutiny, with some industry observers suggesting that it may no longer be viable. The industry is becoming increasingly congested, and miners are turning to complex and desperate measures to generate cash flow.