CoinShares' Bitcoin mining report indicates that global Bitcoin miners are under profit pressure, with 15%-20% of mining farms operating at a loss, and the hash price reaching a five-year low. Older mining equipment and miners with high electricity costs are most affected. Recent difficulty reductions have eased short-term pressure, but a prolonged downturn could force some farms to shut down, impacting network stability. Miners need to assess costs and efficiency to ensure sustainable operations.

Russia has recently intensified its crackdown on illegal cryptocurrency mining, uncovering a case of electricity theft using the power grid, involving approximately $9,000 worth of electricity. Nevertheless, the Russian government has not completely banned the mining industry and plans to support compliant mining through regulations to curb the impact of underground mining on the power system.

MARA Holdings partners with Starwood Capital Group to convert part of its Bitcoin mining farms into AI data centers, initially providing approximately 1 gigawatt of computing power, with plans to expand to 2.5 gigawatts. This move marks a business transformation, and despite short-term challenges, MARA still considers Bitcoin a long-term core strategy.

Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, POWER (Power Protocol) is currently trading at $0.55, up 21.32% in the past 24 hours, reaching a high of $0.56 and a low of $0.30. The 24-hour trading volume is $42.1 million. The current market capitalization is approximately $115 million, an increase of $20.2 million compared to yesterday. Recent important news about POWER: 1️⃣ **Revaluation of Energy Infrastructure Value Drives Industry Attention** As global demand for AI computing power surges, the strategic importance of energy and power infrastructure in the digital economy continues to rise. The increasing electricity demand from data centers, mining farms, and other high-energy-consuming facilities has become a market focus, prompting investors to re-evaluate energy-related protocol tokens, which benefits POWER.

February 3 News, stablecoin issuer Tether officially released the open-source Bitcoin mining operating system MiningOS (MOS), providing a self-hosted, scalable alternative for global miners, aiming to break the long-standing dominance of closed-source software in the mining ecosystem. Tether stated that MiningOS is a modular software stack that can support home-based miners as well as scale up to industrial-scale mining farms across regions and multiple sites. The system is designed to reduce operational complexity and decrease reliance on proprietary monitoring platforms and centralized services.

Bitcoin's total network hash rate recently dropped rapidly from approximately 1.16 ZH/s to 690 EH/s, marking the largest single decline in history, before rebounding to 859.17 EH/s. Analysts believe that this fluctuation is related to extreme weather in the United States, especially winter storms causing power outages, which forced some mining farms to shut down.

On January 27, news reports indicate that as Bitcoin miners cut unprofitable mining activities due to rising costs, an on-chain indicator called the "Hash Band" has once again entered the market's view, being seen as an important signal for a potential rebound in Bitcoin prices. Recently, storms across multiple parts of the United States have affected some mining farms' operations, coupled with increased electricity and maintenance costs, forcing miners to shut down some equipment, resulting in a significant decline in overall network hash rate. Data shows that the Bitcoin network hash rate has dropped from approximately 1.2 ZH/s to about 950 EH/s, a decline of nearly 20%. This suggests that the next mining difficulty adjustment is expected to decrease by about 17%, the largest drop since China's crackdown on the mining industry in 2021. For the market, this kind of hash rate contraction is often seen as a sign of the "miner capitulation" phase.

Russian police detained 7 employees of the Russian power grid in the Moscow region for allegedly assisting illegal cryptocurrency mining, causing an economic loss of approximately 10 million rubles. They provided services such as lowering meter readings to help mining farms evade inspections.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, PLUME (Plume) is currently trading at $0.02, up 8.07% in the past 24 hours, reaching a high of $0.02 and a low of $0.02. Its current market capitalization is approximately $68.8 million, an increase of $5.14 million compared to yesterday. Plume is a public blockchain focused on the expansion of real-world assets (RWA), dedicated to transforming real assets into crypto-native global financial instruments. The platform has more than 200 ecosystem partners and an asset pipeline of $5 billion, covering diverse assets such as solar farms, Medicaid receivables, and mining rights. Plume has built a complete RWA ecosystem, including the Plume Chain mainnet, Arc cross-chain bridge, pUSD ecosystem stablecoin, p

On Monday, MicroBT officially launched its new generation of WhatsMiner mining machines—the M70 series—in Abu Dhabi. Despite Bitcoin mining revenues currently being at multi-year lows, the company has chosen to introduce a product line with higher energy efficiency. The M70 series covers three efficiency tiers: 12.5 J/TH, 13.5 J/TH, and 14.5 J/TH, offering both air-cooled and water-cooled models. The single-unit hashrate ranges from the entry-level M70 at around 214 TH/s to the rack-mounted M79S at over 1 PH/s, targeting ultra-large-scale mining farms and advanced energy solutions. This launch comes at a time when mining economics are extremely tight. According to market data, Bitcoin hashprice has dropped to about $35 per PH/s/day, nearing historic lows; meanwhile, network hashrate remains above 1 ZH/s, increasing revenue pressure on miners. Record-high mining difficulty combined with price corrections has significantly slowed miner demand, and ASIC manufacturers are generally facing challenges such as extended inventory and order cycles.