On February 23, following the latest recalibration, the difficulty of mining the leading cryptocurrency fell by 3.15% to 110.57 T.
This marks the second adjustment of the year, retreating from the historical peak of 114.17 T.
According to Glassnode, on February 7, the hash rate smoothed by a seven-day moving average reached a high of 844.95 EH/s. At the time of writing, it had decreased to 754.8 EH/s.
Data from Hashrate Index indicates that following the reduction in mining difficulty, the hashprice rose to levels above $56 per PH per day.
The price of Bitcoin remains in the range of $90,000-100,000, yet mining profitability is still about half of what it was before the halving in April 2024.
According to TheMinerMag, the hash rate increase from October to December by approximately 140 EH/s offset the positive impact of Bitcoin’s rally on mining profitability. As of early 2025, Bitmain’s Antminer S19 series devices, which still account for more than half of the global equipment fleet, are on the brink of unprofitability.
Meanwhile, media reports indicate that issues with importing the latest generation Antminer S21 and T21 units into the US, which began in the autumn, persist. Customs have also started detaining equipment produced by MicroBT and Canaan.
Earlier reports noted that the number of mining farms in Russia increased by 7% in 2024, reaching 136,600. Their combined capacity exceeded 11 GW.