Bitcoin Miners Face Margin Pressure as Daily Revenue Hits Record Low
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Hashrate Decline: According to a JPMorgan report, Bitcoin's average network hashrate fell by approximately 30 EH/s, or 3%, in December, indicating reduced competition; however, market conditions continue to limit miners' profitability.
- Revenue Drop: Daily average block reward revenue for Bitcoin miners decreased to about $38,700 per EH/s, reflecting a 7% month-over-month decline and a 32% year-over-year drop, marking the lowest level on record and highlighting ongoing profitability challenges.
- Rising Electricity Costs: Increased electricity costs across multiple regions, combined with Bitcoin prices remaining below recent highs and reduced block subsidies from the latest halving, have further squeezed miners' margins, pushing many close to breakeven levels.
- Mixed Market Performance: Despite weak operational profitability, the combined market capitalization of 14 U.S.-listed Bitcoin miners reached $48 billion by year-end, a 73% year-over-year increase, though performance varied significantly among companies, with Hut 8 gaining 2% while CleanSpark fell by 33%.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
