The latest MinerMag report reveals a slowdown in Bitcoin hashrate growth as market conditions change. Bitcoin mining revenue remained steady at $1.4 billion in January 2025. Public mining companies contributed approximately 30% of the network's hashrate that month. Despite the growth in hash power from publicly listed mining firms, it wasn't sufficient to offset the decline from smaller operators, leading to the first decrease in network difficulty since September. Notably, Marathon Digital maintained its lead with a hashrate of 41.65 EH/s, while competition among the top firms has intensified. The recent halving event slashed bitcoin mining rewards, squeezing profit margins and making it difficult for smaller miners to compete. Many are now exploring alternative revenue streams like hosting for AI and high-performance computing (HPC). Additionally, mining hardware imports to the U.S. have slowed, contributing to the stabilization of hashrate growth. A predicted adjustment in mining difficulty is expected as some smaller operators exit due to lower profitability.

Source 🔗