I just saw that miner Cango has recently made a big move, directly cutting mining hash rate by nearly 30%, from 50 EH/s down to 34.55 EH/s. Such a scale of adjustment is quite rare. I heard that this reduction is mainly because mining profits have indeed been less than ideal lately, and they are trying to respond by optimizing equipment efficiency. In simple terms, under this market condition, continuing to mine at full capacity is no longer cost-effective, so they simply reduce production capacity and focus on improving efficiency. This also reflects a phenomenon: the entire mining industry is now re-evaluating the balance between costs and returns, and not everyone can sustain high-power operations anymore. It seems that more miners will follow suit with similar strategic adjustments in the future.