Hundreds of thousands of Bitcoin miners are 'covering the mat'
The high electricity price, the difficulty of Bitcoin mining skyrocketed while the price of digital currency fell, leaving hundreds of thousands of miners still in storage.
Last year, miners had to scramble to buy cryptocurrency miners, and manufacturers failed to deliver orders in time. And now, everything has changed completely. Matt Schultz, President of Bitcoin mining company CleanSpark (CLSK), said the company still has 250,000-500,000 unboxed miners. Meanwhile, Ethan Vera, CEO of services company Luxor Technologies, revealed that they have 276,000 miners left in inventory, as of September.