Bitcoin Mining Difficulty Hinders Growth as Hashrate Stabilizes

As a result of the latest recalculation, the mining difficulty of the first cryptocurrency has been adjusted by 0.45%, bringing it down to 126.41 TH.

This figure has slightly retreated from the historical peak of 129.98 TH reached two weeks ago.

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

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

Despite Bitcoin maintaining levels above $100,000, the mining profitability metric has been unable to approach the local highs of around $64 from December 2024.

Analysts at JPMorgan have labeled the first quarter of 2025 as the «best quarter» for publicly traded companies in the sector since monitoring began over two years ago. Experts noted that, collectively, miners reported gross profits of approximately $2 billion with a margin of 53%, as per CoinDesk.

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

It’s worth mentioning that in May, MARA achieved a record output of 950 BTC post-halving, marking a 35% increase in production compared to the previous month.