- Bitcoin miners faced squeezed profits as transaction fees hit historic lows.
- Network difficulty and rising costs are challenging smaller miners’ survival.
Bitcoin [BTC ($96,200.36)] miners are facing a challenging landscape in 2025 as key factors squeeze profitability. Transaction fees have hit their lowest levels since 2012, while network difficulty continues to climb.
The 2024 halving has increased competition, and revenue per unit of computational power is rapidly declining.
In addition, USD-denominated mining revenue remains volatile, creating uncertainty even for major players.
As profit margins tighten, miners are being forced to optimize operations, shut down obsolete equipment, or consider mergers.
With smaller players at risk of exiting, industry consolidation seems imminent, leaving only the most efficient and well-capitalized operations to survive.
Bitcoin mining faces profitability strain
