Bitcoin miners are facing increasing economic strain as key metrics approach the stress zone, with the Puell Multiple falling to 0.74 and the Price-to-Miner-Revenue Multiple dropping significantly. While market prices have remained below average production expenses for five consecutive months, current data suggests gradual pressure rather than the widespread shutdowns seen in previous bear markets. To mitigate these conditions, the Bitcoin network is scheduled to reduce mining difficulty by 10.3% in its upcoming adjustment.
In a move that reflects deepening distress across the digital asset sector, Bitcoin has plunged more than 40% since the debut of STRC, placing Michael Saylor’s aggressive investment strategy under intense scrutiny.
Read the full storyThe Bitcoin mining industry struggles with negative margins as market prices remain below average production expenses for five consecutive months.
The Puell Multiple's drop to 0.74 and a 50% retreat in revenue multiples signal growing financial pressure on Bitcoin miners.