Bitcoin’s mining difficulty has decreased to around 126.4 trillion, down from the all-time high of 126.9 trillion reached on May 31. This minor decline reflects rising operational costs and increasing competition among miners.
Bitcoin miners are under financial pressure from reduced block rewards following the April 2024 halving and escalating operational costs. This situation complicates efforts to maintain profitability amidst rising mining difficulty.
Some publicly traded Bitcoin mining companies, such as MARA and CleanSpark, are adapting by increasing production and opting to hold mined BTC as treasury assets, which indicates a strategic shift away from previous practices of selling mined coins.
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