Bitcoin Mining Profitability Sinks: Hashprice Dips Under $40

Bitcoin miners are under growing pressure as hashprice briefly dipped below $40 per petahash in April—approaching breakeven for even the largest public firms, according to TheMinerMag’s Wolfie Zhao.

Rising mining difficulty, weaker transaction fees, and climbing electricity costs have pushed margins to their lowest since 2023. Some firms like Bitfarms and Hut 8 increased output, but most miners liquidated a large share of their BTC holdings in March. Tariff fears and equipment uncertainty are adding to the strain, raising the risk of smaller miners exiting if profitability doesn’t recover.

Clever Robot News Desk 22^th April 2025