Bitcoin minors are faced with renewed financial pressure as the downward transaction costs and a fall in Hash-Price fall the operational costs, according to the February 2025 report.
Bitcoin hashrate climbed 3.8% in February to 810 EH / S, showing a slowdown in mining competition growth. However, the hashprice (the revenues that minors gain per unit of computing power) slipped to $ 45 / pH / s, destroying the gains in the overvoltage of the prices of the American elections. At this level, ineffective minors feel the tension.
Transaction costs represent only 1.3% of the total block awards in February, marking their lowest share since the last bottom of the bear market in 2022. March is even lower, at 1.12% so far.
These factors – in parallel with the increase in competition from artificial intelligence data centers (AI) – exert additional pressure on mining operations that rely on accommodation agreements and active light strategies.
Mara remains the industry leader with 44 EH / S after an increase in hashrate by 6%, while Cleanspark increased by 12% to 39 eh / s. Meanwhile, Total Bitcoin Holdings among minors exceeded 100,000 BTC for the first time, despite certain companies like Hive Digital and Cipher Mining selling their production to finance expansion.
The mining shares took a hit, the market capitalization combined with 15 large companies from $ 36 billion in January to $ 22 billion in March. Cipher, Canaan, Hut 8, Hive and Bitdeer all have losses greater than 40%.
With the slowdown in network growth and the increase in energy costs, minors may need a Bitcoin price rally to avoid new financial tensions.
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