Odaily Planet Daily report: Bitcoin mining difficulty has dropped to 126.23 T, a decline of approximately 14% from its January peak this year and about 1.1% year-over-year, marking the second time in Bitcoin network history that year-over-year growth has turned negative. This difficulty adjustment is primarily driven by weak mining economics: falling Bitcoin prices, sustained revenue compression, and the diversion of capital and power resources toward AI and high-performance computing sectors, all of which have constrained hashrate expansion. Additionally, power restrictions in Texas and operational disruptions at other mining sites have contributed to the decline.
Although the difficulty reduction has eased some competitive pressure on miners still in operation, revenue has not shown significant improvement. The current hash rate price is $31.7 per PH/day, while forward market data indicates an average expected price of only $31.85 through December, suggesting limited room for miner revenue recovery this year.