Bitcoin Mining Profits Hit 14-Month Low After Winter Storm Rocks Miners: CryptoQuant
Bitcoin miners are facing significant profitability challenges due to the recent drop in Bitcoin’s price and operational disruptions such as a major winter storm in the U.S. The miner profit/loss sustainability index, which compares Bitcoin’s market price with mining expenses, has reached its lowest point since November 2024, indicating that miners are "extremely underpaid." The network’s hash rate has fallen for five consecutive intervals, currently at its lowest since September 2025. The winter storm further reduced mining activity and caused daily mining revenue to hit a yearly low of $28 million. Shares of leading mining companies have declined by double digits over the past week, reflecting broader market weakness. Bitcoin’s price has dropped 6% in the past week, now 33% below its October all-time high. It currently costs more to mine Bitcoin than to purchase it outright. In response to these pressures and increased demand for AI computing, some mining firms are exiting Bitcoin mining in search of more profitable ventures.
