Crypto mining giant Bitfarms recently sold 3,000 BTC to improve liquidity.
Bitcoin’s price dip and spiking electricity prices have forced miners to sell BTC assets at a loss to remain ‘operational’.
Bitcoin mining, once known as one of the most profitable businesses, is now going through a rough patch. Amid rising global inflation, increasing energy prices, the crypto winter and a competitive environment, Bitcoin miners are finding it difficult to remain in business.
Blockchain.com
While some of the lesser-known names have already closed their operations, leading players are forced to sell their BTC assets to keep the operations going. Bitcoin miners, known for their ‘HODL’ strategy, have now started dumping their digital assets. According to the data published by CoinMetrics, Bitcoin miners collectively own approximately 800,000 coins, a number that is 300% more than the collective Bitcoin holdings of MicroStrategy, Tesla, Galaxy Digital and Square.
Electricity prices across the US, home to some of the world’s largest mining companies, have increased sharply in the past few months. The price of Bitcoin, on the other hand, has dropped by almost 70% in the last seven months. These two factors have caused a major drop in the profitability of BTC miners. According to Bitinfocharts, the profitability of Bitcoin miners has slumped by more than 80% since November 2021. During the same period, the network difficulty has climbed substantially.
Blockchain.com
The Game of Survival
The recent scenario across the crypto market is making it difficult for leading BTC miners to survive without ‘adjusting’ their ‘HODL’ strategy. Islam Shazhaev, the CEO of OneBoost, said that selling Bitcoin at a loss is still a better option to survive than leaving the crypto mining industry.
Islam Shazhaev, CEO of OneBoost
“With rising energy costs, crypto miners will typically have to spend more money to keep their rigs online. This creates a challenging situation as many have to put up their BTC holdings for sale to cover costs. Selling their Bitcoin at this time will imply a massive loss on the part of the miners, particularly the older ones considering prices are still trading well below $25,000. Still, it may help them stay in business for as long as the entire industry will cruise back into profitability. With the current situation, miners will rather sell at a loss than quit mining altogether,” Shazhaev said.
Balanced Approach
In the current scenario, a balanced approach is required by Bitcoin miners to survive the crypto winter, which includes cost-cutting initiatives, a measured reduction in operations and the selling of digital assets to improve liquidity.
“It would be wrong to approach this season like it is ‘business as usual’. Crypto miners can survive this crypto winter provided they will be willing to adhere strictly to cost-cutting measures and adopt proven economic strategies that can help cushion their businesses against the risks inherent in periods of inflation,” Shazhaev explained.
Barnabas Goh, Chief Marketing Officer at Zonda Global
Barnabas Goh, the Chief Marketing Officer at Zonda Global, believes that the reduction in operations will bring the hash rate and mining difficulty down. “As always it’s about achieving a balance that considers profit, people, place and purpose and that is not an easy process by any means, but something we as stewards of the industry and the world need to contend with, and hopefully one day overcome together,” Goh said.
Bitcoin Selling
According to the data compiled by Arcane Research, the ‘HODL’ ambitions of BTC miners fell apart in May 2022 as leading players sold almost 100% of their BTC production during the last month.
Arcane Research
The recent selling trend and rising global inflation indicate a tough road ahead for prominent Bitcoin miners in the industry. Cost-cutting and a substantial reduction in operations have forced some of the Bitcoin miners to cut jobs. With declining Bitcoin holdings, it will be difficult for small and medium-sized miners to remain operational if the price of BTC stays below $20,000 for a longer period.
Bitcoin mining, once known as one of the most profitable businesses, is now going through a rough patch. Amid rising global inflation, increasing energy prices, the crypto winter and a competitive environment, Bitcoin miners are finding it difficult to remain in business.
Blockchain.com
While some of the lesser-known names have already closed their operations, leading players are forced to sell their BTC assets to keep the operations going. Bitcoin miners, known for their ‘HODL’ strategy, have now started dumping their digital assets. According to the data published by CoinMetrics, Bitcoin miners collectively own approximately 800,000 coins, a number that is 300% more than the collective Bitcoin holdings of MicroStrategy, Tesla, Galaxy Digital and Square.
Electricity prices across the US, home to some of the world’s largest mining companies, have increased sharply in the past few months. The price of Bitcoin, on the other hand, has dropped by almost 70% in the last seven months. These two factors have caused a major drop in the profitability of BTC miners. According to Bitinfocharts, the profitability of Bitcoin miners has slumped by more than 80% since November 2021. During the same period, the network difficulty has climbed substantially.
Blockchain.com
The Game of Survival
The recent scenario across the crypto market is making it difficult for leading BTC miners to survive without ‘adjusting’ their ‘HODL’ strategy. Islam Shazhaev, the CEO of OneBoost, said that selling Bitcoin at a loss is still a better option to survive than leaving the crypto mining industry.
Islam Shazhaev, CEO of OneBoost
“With rising energy costs, crypto miners will typically have to spend more money to keep their rigs online. This creates a challenging situation as many have to put up their BTC holdings for sale to cover costs. Selling their Bitcoin at this time will imply a massive loss on the part of the miners, particularly the older ones considering prices are still trading well below $25,000. Still, it may help them stay in business for as long as the entire industry will cruise back into profitability. With the current situation, miners will rather sell at a loss than quit mining altogether,” Shazhaev said.
Balanced Approach
In the current scenario, a balanced approach is required by Bitcoin miners to survive the crypto winter, which includes cost-cutting initiatives, a measured reduction in operations and the selling of digital assets to improve liquidity.
“It would be wrong to approach this season like it is ‘business as usual’. Crypto miners can survive this crypto winter provided they will be willing to adhere strictly to cost-cutting measures and adopt proven economic strategies that can help cushion their businesses against the risks inherent in periods of inflation,” Shazhaev explained.
Barnabas Goh, Chief Marketing Officer at Zonda Global
Barnabas Goh, the Chief Marketing Officer at Zonda Global, believes that the reduction in operations will bring the hash rate and mining difficulty down. “As always it’s about achieving a balance that considers profit, people, place and purpose and that is not an easy process by any means, but something we as stewards of the industry and the world need to contend with, and hopefully one day overcome together,” Goh said.
Bitcoin Selling
According to the data compiled by Arcane Research, the ‘HODL’ ambitions of BTC miners fell apart in May 2022 as leading players sold almost 100% of their BTC production during the last month.
Arcane Research
The recent selling trend and rising global inflation indicate a tough road ahead for prominent Bitcoin miners in the industry. Cost-cutting and a substantial reduction in operations have forced some of the Bitcoin miners to cut jobs. With declining Bitcoin holdings, it will be difficult for small and medium-sized miners to remain operational if the price of BTC stays below $20,000 for a longer period.
Bilal Jafar holds an MBA in Finance. In a professional career of more than 8 years, Jafar covered the evolution of FX, Cryptocurrencies, and Fintech. He started his career as a financial markets analyst and worked in different positions in the global media sector. Jafar writes about diverse topics within FX, Crypto, and the financial technology market.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
