Been seeing a lot of discussion about whether bitcoin mining is profitable these days. Apparently analysts were pretty bullish on mining economics heading into 2025, expecting things to stabilize and stay in the green. Makes sense given how the hash rate and difficulty have been moving.

The thing is, mining profitability depends so much on electricity costs and hardware efficiency. Some regions are way better positioned than others. Canaccord's take was that conditions would hold up pretty well, which aligns with what we've been observing on chain.

Curious if anyone here is actually running miners or just trading the mining stocks. The whole sector seems to be pricing in that mining can remain profitable, at least at scale. Definitely worth watching how this plays out.