BTC hash price hits all-time low, difficulty drop of over 13% expected

Bitcoin's hash price, the expected daily revenue per unit of hash power, has plunged to an all-time low of approximately $0.03 per terahash, Bloomberg reported. Citing data from crypto mining services firm Luxor Technologies, the report noted that the network's mining difficulty is expected to fall by more than 13% in the next adjustment. While some miners are diversifying revenue by converting data centers for artificial intelligence (AI) related tasks, the majority of their income still comes from mining. Profit margins are reportedly being squeezed by rising electricity costs and power outages resulting from severe weather.