Bitcoin's mining difficulty fell slightly after reaching an all-time high of 126.9 trillion on May 31. The current level is approximately 126.4 trillion. Increased mining difficulty and network hashrate lead to higher competition and costs for miners. This comes amidst reduced block rewards, rising operational costs, and other economic pressures that challenge mining companies' profitability. Despite these challenges, some publicly traded companies are expanding operations. For instance, mining firm MARA mined 950 Bitcoin in May and increased its reserves to 49,179 BTC. CleanSpark also reported a 9% increase in Bitcoin production in May, boosting its reserves to 12,502 BTC. These firms are embracing a Bitcoin treasury strategy rather than converting mined Bitcoin to cover expenses.

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