The plight of miners is gradually coming to light. An investor who invested nearly $10 million last year to set up a Bitcoin mining farm is now facing tough choices—mining equipment remains idle in warehouses, and daily operational losses have risen to around $30,000. After actively adjusting their strategy, they are beginning to consider whether to expand into new regional markets. However, going global is not easy: site selection, capital flow, and team deployment are all challenging issues. This reflects that the global mining industry is undergoing a dual test of resource reallocation and cost pressures, with many participants re-evaluating their long-term strategies.