@lukesch92
Bitcoin miners are losing $8,000 per coin amid a drop in hashrate to a 4-month low
Bitcoin miners are losing around $8,000 per coin as the average cost of mining has reached $101,000, while the cryptocurrency trades near $93,000, according to MacroMicro data based on figures from the University of Cambridge.
The network hashrate has fallen 15% from its October peak to below 1 zettahash per second - the first time since September 2025 - with mining difficulty set for its seventh negative adjustment out of eight periods on January 22.
Despite miner capitulation indicated by Glassnode’s Hash Ribbon metric, Michael Saylor hinted at additional purchases for his Bitcoin reserve management firm, Strategy, while institutional inflows into cryptocurrencies have reached their highest levels since October 2025.
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