The most efficient bitcoin mining machines are selling for ~$24 per 100 terahashes, down from $106 in 2021, as unprofitable miners are forced to sell equipment (Paul Vigna/Wall Street Journal)

Michael Kan / PCMag:
Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based mining for most cryptocurrencies becomes unprofitable after Ethereum’s Merge  —  Crypto-miners are shutting off their rigs and mulling selling their GPUs since few, if any, cryptocurrencies are currently profitable …

David Pan / Bloomberg:
As crypto miners default on loans, lenders could receive mining equipment as collateral, a popular financing tool, increasing losses as the rigs’ value plunges  —  Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.

David Pan / Bloomberg:
Ethermine, the largest Ethereum mining firm, will shut down its servers for miners after Ethereum’s Merge, switching its mining pool to withdraw-only mode  —  Ethermine, the largest Ethereum mining services provider by computing power, will shut down its servers for miners after the blockchain completes its historic technical upgrade.

Sarah Perez / TechCrunch:
Amazon updates its Fire TV lineup with a new $140 Fire TV Cube media player, Fire TV Omni QLED Series starting at $800, and a new $35 Alexa Voice Remote Pro  —  Amazon today introduced two new Fire TV devices designed to cater to customers seeking a more premium experience.

Sam Reynolds / CoinDesk:
Binance’s mining service Binance Pool launches a $500M fund to provide 18-to-24-month loans for private and publicly listed Bitcoin miners  —  The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.

Wall Street Journal:
Sources: Amazon launches a cost-cutting review focused on unprofitable businesses, including devices unit, which had a $5B annual operating loss in recent years  —  Review takes a close look at devices unit, which includes Alexa and has had an annual operating loss of $5 billion in some recent years, documents show