Bitcoin hashrate has decreased by 12%.

Historic Decline in the Bitcoin Network

Bitcoin network's total hashrate has recorded a decrease of approximately 12% since November 11. This marks the largest drop seen since 2021. The decline occurred primarily due to severe winter storms affecting the U.S., which halted operations for large miners.

Stark Decrease in Mining Revenue

Daily Bitcoin mining revenue fell from around $45 million to $28 million, the lowest annual level, in just two days. Additionally, the daily Bitcoin production from major public miners dropped from 77 units to 28 units. This situation clearly demonstrates the extent of the disruption.

Financial Pressure Indicator Levels

CryptoQuant's Miner Profit and Loss Sustainability Index dropped to 21, reaching its lowest value since November 2024. These data indicate that many miners are operating under serious financial strain despite recent difficulty reductions.