The mining landscape is experiencing significant challenges despite Bitcoin's post-halving price rise, with difficulty increases acting as a "second halving" for miners. We analyze key metrics showing why price alone doesn't tell the full story of mining economics.• Bitcoin price currently retreating to $81,500 despite analyst projections of $180,000-$250,000 by end of 2025• Difficulty increases (25% over 16 weeks) creating a "second halving" effect for miners• Hash price down from $110 pre-halving to around $50 today, making profitability difficult for many operations• Global hash rate has increased 60% in 14 months (from 600 EH/s to over 810 EH/s)• Bitfarms selling 200MW Paraguay facility to Hive for $85M, refocusing on North America• Hive expanding to 300MW in Paraguay, targeting 25 EH/s by September 2025• Soluna Holdings secured $5M non-dilutive debt financing from Galaxy Digital• HPC/AI diversification proving valuable as Bitcoin price remains below December highsSign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
