Bitcoin Hashprice Drops as Mining Difficulty Hits Record High

Bitcoin miners are facing tighter margins as the network’s hashprice, a key profitability indicator, nears its one-month low following a record-breaking difficulty adjustment. The latest 5.61% increase in Bitcoin’s mining difficulty has pushed the competition to new levels, reducing miner earnings while Bitcoin’s price struggles to stay above $96,000.

Key Updates

• Record Difficulty – Bitcoin’s difficulty increased 5.61%, setting a new all-time high at 114.17 trillion over the weekend.

• Falling Hashprice – Mining profitability dropped to $53/PH/s, close to January’s low of $52.3/PH/s.

• Bitcoin Price Slump – BTC dipped below $96,000, adding more pressure on miners.

What’s Driving This?

• Increased Mining Competition – More computational power is being added despite Bitcoin’s stagnant price of around $100,000.

• January’s Weather Curtailments – North American institutional miners temporarily reduced operations in extreme cold weather, causing a short-term dip in difficulty.

• Uptime Recovery – Major public miners like MARA and Core Scientific have resumed full operations, pushing hashrate levels higher.