Yes. This particular company has been in trouble for a few years. If I'm not mistaken there is always a shakeout post halving. Bigger picture, I would rather see a more decentralized mining industry anyway, like most of us. 

siggy47

> Miners who aren't profitable now weren't profitable two years ago, one year ago, etc.

it isn't a true statement

jk_14

> but the drop in revenue is evident after the halvin

Price did a 4x over the last two years. Miners who aren't profitable now weren't profitable two years ago, one year ago, etc. Miners who can't deal with something they knew would happen should probably get into a different business.

harrr

bitcoin

Bitcoin miners sink millions into AI businesses, seeking billions in return

> Either intentionally or unintentionally it sounds like the authors are giving the impression that bitcoin mining is a dying business.

I wouldn't say it's dying, but the drop in revenue is evident after the halving. Miners need the price of bitcoin to rise, otherwise some will have to stop, at least those who can't get cheap energy prices.