Bitcoin Miners Surface for Air as Sliding Natural Gas Price Provides Cost Relief

“Absent another big surprise (such as the Ukraine war), we do not expect natural gas prices to return to their recent peak of over $9,” said Alex Stoewer, chief operating officer at Digital Power Optimization, a company that helps power producers balance electricity loads using different solutions. “December 2025 Henry Hub futures are currently at $4.50, with summer prices in the mid-$3s.”

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