A wild roller-coaster in computing power! BTC mining difficulty is repeatedly cut, and the mining industry faces a reshuffle

Bitcoin has a hardcore balancing mechanism built in: every 2,000 blocks, mining difficulty is automatically adjusted to tightly maintain the 10-minute block-production rhythm.
This year in February, a Texas blizzard in the US—Fern—directly dealt a blow to the network’s hash rate:
The network’s total computing power plunged from 1.13 ZH/s to 663 EH/s, a 40% drop!
The market saw violent swings at the same time:
Difficulty 2.7 was reduced by 11.16%; after the hash rate recovered, difficulty 2.19 surged by 14.7%. In June, it was cut again by 9.91%, while the coin price fell by 15% over the same period.
A more realistic signal has arrived: many listed mining companies see their mining profitability under pressure and are turning to the AI computing power and HPC sectors as a safe haven.
By late July, the estimated difficulty for the next round is again expected to be lowered by 1.2%, and miner “block subsidy” tailwinds continue to be loosened.
A complete closed loop has formed among computing power, difficulty, and coin price—hash rate fluctuations have long become a leading indicator for BTC market moves.
Do you think the continuous difficulty decreases are a bottom-fishing signal, or a continuation signal for a downswing? Let’s discuss in the comments 👇
#比特币算力 #BTC mining #on-chain data
⚠️Only objective data interpretation; does not constitute any investment or trading advice!