Bitcoin mining shares are on sale again to start in 2026. If you are one of those people searching “is bitcoin mining still profitable?”, you might want to think again.
Even though miners are locked into the expansion of Bitcoin’s mining infrastructure, financial agreements, and close relationships with AI, stock prices continue to fall in line with Bitcoin’s sluggish price action.
People don’t realize how much chaos is coming with Bitcoin in the next few months.
Bitcoin mining has hit its most unprofitable point in a decade. It currently costs a whopping $112K to mine one Bitcoin, now only worth $86K and falling fast.
It’s just a matter of… pic.twitter.com/Cy22Eqmuq8
— Jacob King (@JacobKinge) November 20, 2025
Bitcoin
0.99%
it was up about $88,900 on Tuesday, up modestly on the day but still down about 2.8% month-on-month. That lack of momentum bleeds directly into publicly traded miners, where equity investors are often more forgiving than crypto natives.
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Is Bitcoin Mining a Black Swan? Infrastructure Offers Up, But Stocks Continue to Slip
Shares of Marathon Digital, CleanSpark, and Riot Platforms all traded lower despite the continued drumbeat of expansion news. Marathon and CleanSpark posted modest weekly losses, while Riot fell as JPMorgan Chase analysts revised down the long-term outlook related to 600-megawatt colocation contracts through 2026.
Elsewhere, Cipher Mining added a 200-megawatt Ohio site, raising its development pipeline to 3.4 gigawatts. TeraWulf completed $1.3Bn in debt financing for high performance computing infrastructure in Texas. Hut 8 has secured a long-term hosting deal with Fluidstack to support AI workloads tied to Anthropic, a deal that aims to generate $7Bn over 15 years.
Despite all these deals, some among the biggest names on Wall Street, it’s enough to start a continuous buying spree.
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Bitcoin’s ‘Rainbow’s Gravity’ Is Still a Powerful Force
Bitcoin miners are facing the main problem in 2026: the prospect of cash flow, but not enough to eliminate short-term Bitcoin price pressure. When BTC sells, mining firms are treated less like infrastructure plays for growth or safety of BTC, and more like active beta.
That change is also reflected in the new arrivals. DL Holdings Group reported December production of 25.2 BTC and expressed plans to reach 600–700 BTC annually by 2026 as the hashrate scales to 4 EH/s.
The takeaway should be that until Bitcoin regains a clear trend, miners can sign all the megawatt contracts they want, but it won’t matter.
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Key Takeaways
- Bitcoin mining shares are on sale again to start in 2026.
- Even as miners get locked into the expansion of Bitcoin’s mining infrastructure, financial agreements, and close relationships with AI, stock prices continue to fall.
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