This week's top mining news: Bitcoin miners' cost line breached, selling pressure may become a short-term variable

GateNews
BTC0,63%

Odaily Planet Daily Report for Week 6 of 2026 (January 30 - February 5):

  1. According to cloverpool, the average hash rate of the Bitcoin network is 912 EH/s, with a peak of 1000 EH/s and a low of 831 EH/s, up 9.28% from last week’s average hash rate of 835 EH/s.

  2. According to blockchain.com, the average price of Bitcoin is $78,781, with a high of $84,599 and a low of $62,182, down 11.22% from last week’s average price of $88,735.

  3. Notable mining industry news:

(1) Some S21 series miners and Shima miners have reached shutdown prices;

(2) Bitcoin miner cost line has been breached, and selling pressure may become a short-term variable;

(3) Bitcoin mining company Cango released its January monthly report, with a total Bitcoin holding of 7,474.6 coins.

Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the NYSE, Cangu.

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

Strategy common stock MSTR sees a sharp pullback, while preferred stock STRC still maintains stable returns

The Strategy Company offers two investment options for Bitcoin investors: high-risk, high-reward MSTR common stock and stable-dividend STRC preferred stock. MSTR amplifies price volatility and is suitable for high-risk investors; STRC provides an annualized 11.5% dividend and is suitable for retail investors seeking stability. The choice depends on an individual’s risk tolerance and investment goals.

GateNews4m ago

Reputed Crypto Trader Calls the Bottom at $54,000 BTC Price, Bullish Expectations Grow

Reputed crypto trader calls the bottom at $54,000 BTC price.  This led to a massive surge in price pump expectations.  The price of BTC could rally towards new ATH prices after the bottom is set. The price of Bitcoin (BTC) continues to trade in the $66,000 price range, hinting at

CryptoNewsLand7m ago

Riot Platforms Sells 3,778 Bitcoin in Q1 2026, Raising $289.5 Million for Data Center Expansion

Riot Platforms sold 3,778 bitcoin during the first quarter of 2026, generating $289.5 million in net proceeds at an average price of $76,626 per BTC, according to the company’s official unaudited Q1 2026 production and operations update released this week. Riot Platforms Q1 2026 Update The

Coinpedia10m ago

Bitcoin mining difficulty increased by 3.87% to 138.97 T, with current hashrate of 986.02 EH/s

Gate News message, on April 3, according to CloverPool data, the Bitcoin network has completed a new round of mining difficulty adjustment, with the difficulty value increasing by 3.87% to 138.97 T. The current Bitcoin network has a hashrate of 986.02 EH/s, and the next difficulty adjustment is expected to occur in about 14 days.

GateNews15m ago

Tiger Research: Bitcoin ETF rise as traditional finance moves in and eats up market share from exchanges

The report points out that traditional financial institutions are rapidly moving into the cryptocurrency market, creating competitive pressure on exchanges. With the rollout of spot Bitcoin ETFs, investors are increasingly favoring bank and securities products, leading to decreased exchange trading volume and layoffs. If an exchange doesn’t offer unique services, it will be difficult to survive. The trend toward the integration of traditional finance and the crypto industry is also strengthening, and exchanges worldwide face challenges.

GateNews33m ago
Comment
0/400
No comments