PANews February 3 News, according to Antpool data, recently Bitcoin prices have fallen to around $78,500, causing the vast majority of Bitcoin miners to be in a loss. Only the latest Antminer S23 series miners (such as Antminer S23 Hydro) remain profitable, with a daily profit of approximately $18.53 per unit. Older models like the Antminer S21 series have a daily profit of only $0.12, and Whatsminer M63S even incurs a daily loss of $0.47. Despite the North American cold snap reducing hash rate, the global Bitcoin network hash rate remains near record highs, with an average monthly hash rate of 927.7 EH/s in January. Miner earnings continue to decline, and some mining companies have shifted toward high-performance computing (HPC) and artificial intelligence services to diversify risk. Additionally, the stock prices of major listed mining companies have also been affected, with MARA Holdings down 2.5%, Cleanspark down 6%, and HIVE Digital down 10%.
Earlier reports, Shen Yu: When Bitcoin drops to $75,000, 23.3W/T miners will reach shutdown price.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A certain CEX launched on-chain shares of a Bitcoin yield fund, deployed on Ethereum Layer 2 network
A certain CEX's asset management department has launched tokenized shares of a Bitcoin yield fund in collaboration with Apex Group, targeting non-US investors and adopting the ERC-3643 standard to achieve automated compliance. Institutions are accelerating asset tokenization to improve efficiency and reduce costs.
GateNews20m ago
Listed London tech company The Smarter Web Company included in FTSE UK Index Series, holding 2695 Bitcoin
The Smarter Web Company was included in the FTSE UK Index Series on March 20th. The CEO stated this would attract passive capital inflows and strengthen the institutional shareholder base. The company maintains a solid capital structure and holds 2695 bitcoins.
GateNews40m ago
Trader James Wynn opened a 40x leveraged BTC short position on HyperLiquid with a liquidation price of $71,112.48
Gate News reports that on March 21, Lookonchain monitoring showed that trader James Wynn has recently resumed activity in on-chain transactions. After claiming 1,654 USDC in referral rewards, he deposited 3,911 USDC into HyperLiquid, and subsequently opened a short position of 2.69 BTC (approximately $190,000) with 40x leverage, with a liquidation price of $71,112.48.
GateNews1h ago
Why Gasoline Prices and Borrowing Rates Are Directly Impacting Bitcoin
New data from March shows a familiar household pressure – fuel costs – rapidly spreading to financial markets before impacting Bitcoin. A preliminary survey from the University of Michigan recorded consumer confidence declining to 55.5, the lowest level since the beginning of 2026, among which
TapChiBitcoin1h ago
