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Bitcoin price recovery unlikely to lure AI-focused miners back, CoinShares says

Published Source: The BlockRead original

Crypto Insight Summary: Publicly listed BTC miners produced bitcoin at an average ex-tax cash cost of roughly $75,500 in in the second quarter. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: BTC miner profitability concerns may pressure sentiment but unlikely to cause major market shifts.

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Bitcoin price recovery unlikely to lure AI-focused miners back, CoinShares says — Crypto Insight