Buying miners can be profitable under the right conditions, particularly if you have low electricity costs, access to efficient hardware, and are mining a cryptocurrency with strong price potential. However, it's essential to carefully consider the high upfront costs, ongoing expenses, and market volatility before making a decision
Bitcoin mining operation is more complicated than your thinking. You will need initial cost to buy Bitcoin miners (ASICs) and other costs to set it up and also resources for operation, maintenance and more. If it is easy in operation and it's easy to get profit, you will not see Bitcoin Mining Capitulation which happens many times in Bitcoin history.
These Bitcoin miners capitulated because they're weak miners, have small budgets or bad capital management and they're vulnerable to Bitcoin market shocks like corrections, especially more seriously with Bitcoin bear market that lasts many months.
https://charts.bitbo.io/miner-capitulation/