Producing a single Bitcoin can now cost more than the coin itself is worth. Right before the least forgiving week of the year, a fire cut one mining company’s output in half overnight, and a little more than a month later, that company filed for bankruptcy. Meanwhile, other operators in the exact same industry are landing multi-billion dollar contracts with companies like Microsoft. This video goes inside the real economics of operating a Bitcoin mining farm: the electricity math that decides survival, hardware that becomes worthless without ever breaking, the halving that cuts revenue in half every four years by design, mining pools that quietly concentrate the network’s power, the January 2026 cold snap that knocked a third of the network offline, the full story behind the NFN8 Group ba
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