BitPlanet Says Slumping Bitcoin Mining Profitability Is Driving Miners Toward AI, HPC

Forecast Trend Report by Period

BitPlanet Research Lab said Sept. 2 that it had published a report titled "The Economics of Mining in 2026 Reshaped by Record-Low Hashprice."

The report said structural pressure continues to build across the Bitcoin mining industry as profitability worsens. All three of the lowest monthly average hashprice readings on record were posted this year, it said, cutting into miners' revenue.

Monthly mining revenue fell 23% to $836.41 million in June from $1.086 billion in May. Revenue rebounded to $875.35 million in July, but that recovered only about 16% of June's decline. Of the 17 mining difficulty adjustments made this year through Aug. 22, 10 were decreases.

Major miners are also responding to the squeeze. The report said Marathon Digital Holdings, the world's largest mining company by scale, sold about 91% of the Bitcoin it mined in the second quarter, while CleanSpark disposed of a substantial portion of the Bitcoin it mined in July.