In 2024, the Bitcoin network achieved a peak of 808 EH/s, increasing further to 943 EH/s by mid-2025. However, the network faced decline to 861 EH/s due to shutdowns and regulatory issues. Miners confront rising network difficulty and stagnant hash prices since the April 2024 halving. Efficiency in mining operations, such as through hydro-cooling, has become crucial. Smaller operators struggle with infrastructure costs while larger firms explore AI and high-performance computing to enhance profitability. Miners must adapt to these evolving market trends or risk obsolescence.
In just over a year, the Bitcoin network grew by more than 300 EH/s, closing out 2024 at a record 808 EH/s. By June 2025, it climbed to nearly 943 EH/s before falling back to around 861 EH/s due to localized shutdowns and regulatory setbacks.
Advanced cooling is no longer a futuristic advantage - it is becoming a baseline requirement. Bitmain's S23 Hydro, offering 9.5 J/TH, has become a go-to for industrial-scale operations.
Operators without access to modern infrastructure are being priced out. Immersion and hydro setups are scaling up fast, and those that lag behind are seeing their margins erode.
Some miners are quietly shifting their business models. With ASIC profitability under pressure, parts of the industry are redirecting power and physical space to AI or high-performance computing (HPC).
Collection
[
|
...
]