Bitcoin Miners Face Narrowing ProfitMargins Amidst Shifting Landscape

Difficulty reached an all-time high of 136.04 trillion, leading to a decline in miner revenues, with daily earnings now hovering around $52 per petahash. Forward markets predict this figure will dip further, potentially reaching $49 over the next six months, leaving little room for error. Adding to the pressure are global colocation rates averaging more than $217 per kilowatt per month and transaction fees contributing a negligible 1% of block rewards. This combination results in squeezed margins across the industry.