Bitcoin's profitability for miners has reached its lowest point in 14 months, according to data from CryptoQuant. According to ChainCatcher, the miner profitability index has fallen to 21, marking the lowest level since November 2024.
CryptoQuant attributes this decline to a significant drop in Bitcoin prices this week, coupled with the current mining difficulty, resulting in extremely low miner revenues. Despite a consecutive five-cycle decrease in the Bitcoin network's hash rate, which is now at its lowest since September 2025, the situation remains challenging for miners.
In addition to the low revenue indicated by these metrics, some miners have been severely affected by a recent severe winter storm that swept across the eastern United States, causing ice and snow damage in multiple states.