Bloomberg: Affected by the Bitcoin halving event, about 6,000 old mining machines in the United States will be resold to overseas buyers
On March 25th, it was reported that around 6,000 old Bitcoin mining machines in the United States will soon be idle and sent to a warehouse in Colorado Springs for refurbishment and resale to overseas buyers who hope to profit from low-cost mining environments. Wholesaler SunnySide Digital operates a 35,000 square foot facility and receives machines from a mining customer. Due to the impact of the Bitcoin halving event, the company expects to receive and refurbish hundreds of thousands of outdated mining machines. As electricity is the biggest expense, crypto mining companies including industry giants Marathon Digital Holdings Inc. and Riot Platforms Inc. need to reduce usage costs to maintain positive profit margins. Their old machines may still bring in profits, just not likely in the United States.
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