Network Hash Rate Remains High While Coin Price is Weak, Bitmain Significantly Reduces Bitcoin Miner Prices

December 27th — Per TheMinerMag, Bitmain has recently slashed prices on Bitcoin miners, with multiple S19 and S21 series models entering fire sale territory. Internal pricing details: - S19e XP Hydro & 3U S19 XP Hydro: as low as $3 per TH/s - S19 XP+ Hydro: ~$4 per TH/s - S21 immersion cooling miner: ~$7 per TH/s - S21+ Hydro: ~$8 per TH/s Previously, Bitmain offered a bundled deal for the S19 XP+ Hydro with an effective price of ~$4/TH/s. In November, the company launched an auction-style sale for the S19k Pro starting at $5.5/TH/s. Industry analysts note that as the Bitcoin network hash rate hovers near all-time highs and Bitcoin has seen a minor price pullback, hash rate per TH/s has stayed near multi-year lows—ramping up pressure on the mining sector. This dynamic has squeezed miners’ profit margins, cut demand for new gear (especially less efficient models), and escalated competition between ASIC miner makers and secondhand market sellers.