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U.S. bitcoin miners are accumulating cryptocurrency to navigate tightening profit margins caused by increased competition and rising energy costs. Following bitcoin's price surge and President-elect Donald Trump's commitment to support domestic bitcoin production, companies like Mara Holdings, Riot Platforms, and Clean Spark have collectively raised over $3.7 billion since November through convertible notes to acquire more bitcoin

Accumulating bitcoin during times of tightening profit margins could be a way for miners to bolster their reserves, potentially profiting in the future if bitcoin prices continue to rise.