On Friday, April 4, the hashrate of the network of the first cryptocurrency for the first time in history crossed the mark of 1 ZH /S. The intraday value at the peak was ~ 1025 eh/s, it follows from the Glassnode data.
The smoothed with a seven -moving sliding average indicator on April 6 reached the maximum at the level of 897.6 EH/S.
On April 5, the difficulty of mining updated ATH at the mark of 121.51 t. The metric immediately added 6.81%.
According to the current forecast, during the next recalculation, after about 11 days, the difficulty will decrease by 0.5%.
On April 7, the first cryptocurrency in the moment collapsed below $ 75,000. After recovery, digital gold is traded in the area of $ 80,000 (Coingecko).
Mining profitability under serious pressure
Analysts have already drew attention to an alarming trend – against the background of the growth of the hashrate of the network to new record values, the price of bitcoin moves in the opposite direction. Almost 30%separates it from the historical maximum reached in January.
According to Hashrate Index, the hashprais fell to the minimum from the beginning of the year ~ $ 40 per day per ph/s. This is more than two times lower than the levels recorded a year ago before the halving on April 20.
The first cryptocurrency experiences problems with all three components of its formula. According to the results of the 1st quarter, the share of network fees in the total income of miners was only 1.33%.
Against this background, the industry participants expand diversification to a more profitable sphere of high -performance calculations (HPC), aiming at the AI sector.
BITFARMS has reached a preliminary agreement with the Macquarie Group and obtain a loan of $ 300 million. The funds will go to finance the development of the PANTER CREEK HPC project. The company received the current mining enterprise as a result of a merger with Stronghold.
🚨 Just in: Bitfarms Announced We have Entered Into an Initial Agreement for a Private Debt Facility with Macquarie Group For up to $ 300 Million to Fund Initial #HPC Project Development at Panther Creek, PA.
• Initial Draw at Close of $ 50 Million, with up to $ 300 Million …
– Bitfarms (@bitfarms_io) April 2, 2025
Galaxy Digital signed a 15-year agreement with Coreweave. Within its framework, the company will provide the AI Firm with an infrastructure with a capacity of 200 MW at the Helios data center acquired from the Argo Center in Texas.
Galaxy income is expected to reach $ 4.5 billion under a contract.
According to industry experts, the US miners will directly suffer from the “release” tariffs for imports announced by President Donald Trump.
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Source: Cryptocurrency
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