Hashrate Financialization: Bitcoin Mining's Survival Transformation from Mining to Wall Street
Bitcoin mining costs surged 54% to $49,645 per coin, global hashrate grew 47%, and industry profit margins are being squeezed. Major miners are leasing data centers to AI companies like AMD, with 10-year contracts worth up to $1 billion. Meanwhile, hashrate financialization is emerging through collateralized loans, tokenization, and forward contracts.