The Bitcoin hashrate has reached a new record, exceeding 1,000 exahashes per second (EH/s), according to data from Cloverpool. This milestone marks a significant increase in the computational power securing the Bitcoin blockchain and reflects the growing number of miners and more efficient hardware in operation.
However, despite the boost in network strength, Bitcoin miners are facing intensifying financial pressure.
Miner Revenues Drop 40% Year-Over-Year
According to blockchain analytics platform Newhedge, miner revenues have fallen nearly 40% year-over-year — from $2 billion in March 2024 to just $1.2 billion in March 2025. The primary cause? The Bitcoin halving event that occurred in April 2024.
The block reward was reduced from 6.25 BTC to 3.125 BTC, cutting direct income by half. With fewer BTC earned per block, miners have been forced to liquidate more of their holdings to stay operational.
Bitcoin Miners Increase Sell-Off to Cover Costs
A report by TheMinerMag revealed that in March 2025, public mining companies sold over 40% of the coins they mined. That’s the highest level of monthly liquidations since October 2024.
“These companies are under immense financial stress and are relying heavily on the market to cover costs,” said analysts.
This elevated selling pressure has put additional strain on the crypto market.
Price Impact and Market Reaction
The combination of increased selling and reduced post-halving income has clearly impacted Bitcoin’s price. In March, BTC dropped nearly 2.3%, following a more dramatic 17.3% correction in February.
While the Bitcoin hashrate continues to rise, the price action tells a different story — one of squeezed margins and cautious optimism among investors.
What the Hashrate Record Means for Bitcoin
Hitting 1,000 EH/s is a symbolic moment for Bitcoin. It shows:
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Growing investment in mining infrastructure
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Higher decentralization and security
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Long-term confidence in the network’s resilience
Yet, profitability remains a major issue, and if market conditions don’t improve, more miners may be forced to shut down or consolidate, especially smaller or less efficient operations.
