Bitcoin Mining Difficulty Stalls in Growth

Following the latest recalibration, the difficulty of mining the leading cryptocurrency adjusted by 0.45% to 126.41 T.

The metric slightly retreated from the all-time high of 129.98 T, reached two weeks ago.

According to Glassnode, the hash rate (7 DMA) stands at 936.4 EH/s, nearly matching the record level recorded on May 31.

Data from Hashrate Index indicates that the hashprice remained around $53 per PH/s per day over the past 24 hours.

Despite Bitcoin’s price maintaining levels above $100,000, the mining profitability metric has not approached the local highs of December 2024, which were around ~$64.

Meanwhile, analysts at JPMorgan described the first three months of 2025 as the “best quarter” for public companies in the sector since monitoring began over two years ago. Experts noted that miners collectively achieved a gross profit of about $2 billion with a margin of 53%, according to CoinDesk.

The lowest total cost of mining 1 BTC during the period was recorded by IREN at approximately $36,400, while the highest was by MARA at ~$72,600.

In May, MARA mined a post-halving record of 950 BTC, increasing production by 35% compared to the previous month.