$BTC
:
𧞠Bitcoin Mining Industry Update â June 2025
đ Difficulty Adjustment:
Bitcoin mining difficulty decreased slightly to 126.4 trillion (from a record 126.9T on May 31), per CryptoQuant.
This reflects marginal relief in a highly competitive mining environment.
âď¸ Network Status:
The network hashrate surpassed 1 ZH/s (zetahash/second) on April 5, an all-time high, reinforcing Bitcoin's network strength and decentralization.
đ Post-Halving Impact:
The April 2024 halving cut block rewards in half, squeezing profit margins.
Miners face increased production costs due to higher difficulty and energy prices.
đ Strategic Shift by Public Miners:
Marathon Digital (MARA):
Mined 950 BTC in May (âŹď¸ 35% from previous month).
Holds 49,179 BTC, making it one of the largest corporate BTC holders.
CleanSpark:
Mined 694 BTC in May (âŹď¸ 9% month-over-month).
BTC reserves reached 12,502 BTC.
Boosted hashrate to 45.6 EH/s (âŹď¸ 7.5%).
đŚ New Trend â Bitcoin as a Treasury Asset:
Instead of selling mined BTC for cash, miners like MARA and CleanSpark are accumulating BTC as a strategic treasury reserve, betting on long-term price appreciation.
đ Key Takeaways:
Resilience: Despite margin pressure, top mining firms are increasing output and efficiency.
Strategic Holding: Holding BTC instead of selling reflects strong confidence in future price appreciation.
Market Evolution: These shifts point to the institutionalization and maturation of the mining sector.
