Miners' hash rate has fallen below $36 PH/s, a record low, Blockbridge reports. Despite Bitcoin's recent price surge, the hash rate remains around $40 PH/s, down 10% from its previous low.
🔍 Major mining companies like MARA and Riot Platforms continue to accumulate BTC despite high costs. Core Scientific, on the other hand, is selling all of its mined Bitcoin to cover operating expenses.
Mining difficulty has reached a new record of 90.6 trillion hashes.