The Bitcoin network has reached a new milestone with a hashrate of over 1000 EH/s (exahash per second), according to Cloverpool.
This record represents a significant increase in the computing power that secures the Bitcoin blockchain, due to the growing number of mining participants and the use of more powerful equipment.
Despite these gains in network reliability, Bitcoin miners are under increasing financial pressure. According to blockchain analytics platform Newhedge, their revenues have fallen nearly 40% year-on-year from $2 billion in March 2024 to $1,2 billion in March 2025.
This is mainly due to the Bitcoin halving that took place in April 2024, which reduced the block reward from 6,25 to 3,125 BTC. To compensate for the losses, miners are forced to sell the assets they have mined.
According to TheMinerMag, public mining companies sold more than 2025% of the coins they mined in March 40, marking the highest liquidation rate since October 2024. The sell-off impacted the market price of the leading cryptocurrency, which fell nearly 2,3% in March after a larger correction of more than 17,30% in February.
