- Bitcoin hash rate crossed 1,000 EH/s, increasing blockchain security through higher computing power and wider mining participation.
- Miners faced a 40% revenue drop from March 2024 to March 2025, driven by reduced block rewards and low transaction fees.
- Over 40% of Bitcoin mined in March was sold by major firms, adding market pressure and reflecting urgent needs for operational liquidity.
Bitcoin’s network hash rate exceeded 1,000 exahashes per second in April, reaching the equivalent of one sextillion hashes each second. The data, released by Cloverpool, shows a historic increase in computing power securing the blockchain. This growth highlights stronger network security and increased global participation in mining operations.
The rising hash rate corresponds to substantial losses for Bitcoin miners. Newhedge logs Bitcoin mining revenue as it decreased from $2 billion in March 2024 to $1.2 billion in March 2025. The yearly percentage drop amounts to 40% according to data. Investors experienced a revenue slump right after Bitcoin implemented the April 2024 block reward halving reduction from 6.25 to 3.125 BTC.
Low transaction fees hurt profitability
The halving has raised the importance of transaction fees for miner income. However, fee volumes have remained low. Empty blocks and reduced activity have further weakened earnings. These conditions are forcing many miners to change their strategy and prioritize liquidity over accumulation.
March 2025 saw publicly listed mining firms sell over 40% of their Bitcoin output, marking the highest sell-off since October 2024. Companies like HIVE, Bitfarms, and Ionic Digital sold more coins than they produced. This selling pressure contributed to a 2.3% price drop for Bitcoin in March, adding to the 17.39% decline seen in February.
Rising costs and external trade pressures
Miners in the United States are facing rising expenses due to import tariffs on mining equipment. These tariffs, introduced during the Trump administration, continue to impact profitability by increasing the cost of upgrading or maintaining hardware. With operational costs rising, miners are adjusting strategies to stay competitive.
