Mining profitability has plummeted to all-time lows due to rising hashrate, with Bitcoin mining stocks experiencing significant declines in August after initial AI-related gains.
Despite the fall in mining profitability, U.S. miners have achieved a record high of 26% share of the Bitcoin network hashrate, up for the fourth consecutive month.
The hashrate's recent increase of 1% to 621 EH/s is still notably below pre-halving levels, impacting profitability and threatening future growth in hashrate.
While Bitcoin's price has declined 5% since the halving, it remains 35% up year-to-date, indicating resilience despite pressures on mining profitability.
[
Collection
]
[
|
...
]