Overview
- The network retargeted difficulty down 10.09% at block 953,568 on Sunday, giving surviving miners about 9–11% more bitcoin per unit of active hashrate.
- The cut followed a two-week epoch that ran 15.6 days because hashrate dropped as less-efficient rigs were switched off after bitcoin’s roughly 15% slide in early June.
- A structural shift away from pure mining helped the decline as several public operators repurposed power for AI and high-performance computing and Texas 4CP seasonal curtailments temporarily reduced load.
- Hashprice jumped back above the roughly $30 per PH/s breakeven line to about $32–$33, which helps efficient fleets while most operators remain unprofitable on an all-in cost estimate near $84,300 per BTC.
- Hashrate has partially recovered into the high-800s EH/s but the next retarget in late June will show whether idled capacity returns or the industry’s longer-term redeployment to AI keeps net hashrate lower.