• bitcoinBitcoin (BTC) $ 108,270.00
  • ethereumEthereum (ETH) $ 4,394.82
  • xrpXRP (XRP) $ 2.83
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 860.42
  • solanaSolana (SOL) $ 205.02
  • usd-coinUSDC (USDC) $ 0.999810
  • staked-etherLido Staked Ether (STETH) $ 4,382.28
  • dogecoinDogecoin (DOGE) $ 0.216353
  • tronTRON (TRX) $ 0.339766
  • cardanoCardano (ADA) $ 0.834033
  • wrapped-stethWrapped stETH (WSTETH) $ 5,315.65
  • chainlinkChainlink (LINK) $ 23.39
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,736.09
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,318.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 44.07
  • wrapped-eethWrapped eETH (WEETH) $ 4,709.65
  • suiSui (SUI) $ 3.33
  • stellarStellar (XLM) $ 0.361083
  • bitcoin-cashBitcoin Cash (BCH) $ 532.14
  • avalanche-2Avalanche (AVAX) $ 23.82
  • crypto-com-chainCronos (CRO) $ 0.300452
  • hedera-hashgraphHedera (HBAR) $ 0.227815
  • wethWETH (WETH) $ 4,393.78
  • leo-tokenLEO Token (LEO) $ 9.46
  • litecoinLitecoin (LTC) $ 110.56
  • usdsUSDS (USDS) $ 0.999779
  • the-open-networkToncoin (TON) $ 3.10
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,192.00
  • whitebitWhiteBIT Coin (WBT) $ 42.28
  • uniswapUniswap (UNI) $ 9.79
  • polkadotPolkadot (DOT) $ 3.80
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.53
  • aaveAave (AAVE) $ 318.26
  • moneroMonero (XMR) $ 262.83
  • daiDai (DAI) $ 0.999940
  • ethenaEthena (ENA) $ 0.675615
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.18
  • okbOKB (OKB) $ 178.76
  • ethereum-classicEthereum Classic (ETC) $ 21.06
  • bittensorBittensor (TAO) $ 323.24
  • nearNEAR Protocol (NEAR) $ 2.45
  • jito-staked-solJito Staked SOL (JITOSOL) $ 251.45
  • pi-networkPi Network (PI) $ 0.374642
  • aptosAptos (APT) $ 4.31
  • ondo-financeOndo (ONDO) $ 0.918891
  • usdt0USDT0 (USDT0) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,395.38
  • internet-computerInternet Computer (ICP) $ 4.94
  • arbitrumArbitrum (ARB) $ 0.498679
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.244023
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 219.41
  • kaspaKaspa (KAS) $ 0.084749
  • cosmosCosmos Hub (ATOM) $ 4.55
  • vechainVeChain (VET) $ 0.024559
  • algorandAlgorand (ALGO) $ 0.236041
  • gatechain-tokenGate (GT) $ 17.25
  • rocket-pool-ethRocket Pool ETH (RETH) $ 5,004.05
  • susdssUSDS (SUSDS) $ 1.07
  • fasttokenFasttoken (FTN) $ 4.53
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.42
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.029636
  • story-2Story (IP) $ 6.10
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,606.47
  • render-tokenRender (RENDER) $ 3.50
  • worldcoin-wldWorldcoin (WLD) $ 0.915469
  • kucoin-sharesKuCoin (KCS) $ 13.97
  • sei-networkSei (SEI) $ 0.290481
  • bonkBonk (BONK) $ 0.000022
  • bfusdBFUSD (BFUSD) $ 0.999585
  • official-trumpOfficial Trump (TRUMP) $ 8.39
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,552.73
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.624020
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.14
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,743.23
  • jupiter-exchange-solanaJupiter (JUP) $ 0.508892
  • filecoinFilecoin (FIL) $ 2.30
  • flare-networksFlare (FLR) $ 0.021284
  • quant-networkQuant (QNT) $ 103.79
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,138.00
  • skySky (SKY) $ 0.063168
  • usdtbUSDtb (USDTB) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.079786
  • fourFour (FORM) $ 3.70
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999877
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,636.42
  • falcon-financeFalcon USD (USDF) $ 0.999940
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,733.79
  • pump-funPump.fun (PUMP) $ 0.003674
  • tether-goldTether Gold (XAUT) $ 3,453.94
  • injective-protocolInjective (INJ) $ 13.19
  • optimismOptimism (OP) $ 0.715740
  • celestiaCelestia (TIA) $ 1.66
  • hash-2Provenance Blockchain (HASH) $ 0.026130
  • nexoNEXO (NEXO) $ 1.25
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 232.59
  • wbnbWrapped BNB (WBNB) $ 860.35
  • paypal-usdPayPal USD (PYUSD) $ 0.999606
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997888
  • pyth-networkPyth Network (PYTH) $ 0.197111
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,129.00
  • blockstackStacks (STX) $ 0.627405
  • lido-daoLido DAO (LDO) $ 1.23
  • curve-dao-tokenCurve DAO (CRV) $ 0.777376
  • memecoreMemeCore (M) $ 0.632676
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999979
  • spx6900SPX6900 (SPX) $ 1.12
  • sonic-3Sonic (S) $ 0.318894
  • aerodrome-financeAerodrome Finance (AERO) $ 1.15
  • immutable-xImmutable (IMX) $ 0.522385
  • super-oethSuper OETH (SUPEROETH) $ 4,391.22
  • conflux-tokenConflux (CFX) $ 0.190490
  • pax-goldPAX Gold (PAXG) $ 3,456.76
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • msolMarinade Staked SOL (MSOL) $ 270.30
  • raydiumRaydium (RAY) $ 3.48
  • the-graphThe Graph (GRT) $ 0.089231
  • saros-financeSaros (SAROS) $ 0.349970
  • flokiFLOKI (FLOKI) $ 0.000095
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,375.28
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,488.00
  • kaiaKaia (KAIA) $ 0.148236
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • clbtcclBTC (CLBTC) $ 109,815.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,236.10
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,397.02
  • dogwifcoindogwifhat (WIF) $ 0.809169
  • pendlePendle (PENDLE) $ 4.78
  • fartcoinFartcoin (FARTCOIN) $ 0.791015
  • theta-tokenTheta Network (THETA) $ 0.790172
  • vaultaVaulta (A) $ 0.496530
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.60
  • tezosTezos (XTZ) $ 0.739512
  • iotaIOTA (IOTA) $ 0.193753
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.16
  • galaGALA (GALA) $ 0.016342
  • ousgOUSG (OUSG) $ 112.39
  • jito-governance-tokenJito (JTO) $ 1.95
  • jasmycoinJasmyCoin (JASMY) $ 0.014770
  • ripple-usdRipple USD (RLUSD) $ 0.999551
  • loaded-lionsLoaded Lions (LION) $ 0.022771
  • newton-projectAB (AB) $ 0.009158
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997772
  • the-sandboxThe Sandbox (SAND) $ 0.276684
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • morphoMorpho (MORPHO) $ 2.03
  • stader-ethxStader ETHx (ETHX) $ 4,683.59
  • build-onBUILDon (B) $ 0.667840
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,724.11
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,393.51
  • zcashZcash (ZEC) $ 40.07
  • bittorrentBitTorrent (BTT) $ 0.00000066
  • flowFlow (FLOW) $ 0.397858
  • tbtctBTC (TBTC) $ 107,953.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,825.52
  • swethSwell Ethereum (SWETH) $ 4,809.48
  • usual-usdUsual USD (USD0) $ 0.998040
  • beldexBeldex (BDX) $ 0.076369
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.216272
  • global-dollarGlobal Dollar (USDG) $ 1.00
  • decentralandDecentraland (MANA) $ 0.287071
  • walrus-2Walrus (WAL) $ 0.388790
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,218.00
  • vision-3Vision (VSN) $ 0.163707
  • bitcoin-svBitcoin SV (BSV) $ 26.02
  • ether-fiEther.fi (ETHFI) $ 1.11
  • syrupMaple Finance (SYRUP) $ 0.459034
  • frax-etherFrax Ether (FRXETH) $ 4,358.25
  • true-usdTrueUSD (TUSD) $ 0.998924
  • starknetStarknet (STRK) $ 0.128267
  • neoNEO (NEO) $ 6.89
  • heliumHelium (HNT) $ 2.58
  • dydx-chaindYdX (DYDX) $ 0.620473
  • based-brettBrett (BRETT) $ 0.048169
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,393.54
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 106,683.00
  • apecoinApeCoin (APE) $ 0.569412
  • apenftAPENFT (NFT) $ 0.00000045
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007544
  • usddUSDD (USDD) $ 0.999700
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 225.80
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.01
  • zksyncZKsync (ZK) $ 0.061175
  • telcoinTelcoin (TEL) $ 0.004748
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999748
  • sun-tokenSun Token (SUN) $ 0.022749
  • coredaoorgCore (CORE) $ 0.431521
  • savings-daiSavings Dai (SDAI) $ 1.17
  • dexeDeXe (DEXE) $ 7.51
  • arweaveArweave (AR) $ 6.46
  • thorchainTHORChain (RUNE) $ 1.20
  • instadappFluid (FLUID) $ 6.24
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999811

Bitcoin Miners Feel Squeeze as Hashprice Erases Post-Election Gains

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Bitcoin Miners Feel Squeeze as Hashprice Erases Post-Election Gains

Bitcoin miners are facing renewed financial pressure as declining transaction fees and a hashprice drop push operational costs higher, according to TheMinerMag’s February 2025 report​.

Bitcoin’s hashrate climbed 3.8% in February to 810 EH/s, showing a slowdown in mining competition growth. However, the hashprice (the revenue that miners earn per unit of computing power) slipped to $45/PH/s, wiping out gains from the U.S. election-driven price surge. At this level, inefficient miners are feeling the strain.

Transaction fees made up just 1.3% of total block rewards in February, marking their lowest share since the last bear market bottom in 2022. March is trending even lower, at 1.12% so far.

These factors — alongside increased competition from artificial intelligence (AI) data centers — are putting extra pressure on mining operations who rely on hosting agreements and asset-light strategies.

MARA remains the industry leader with 44 EH/s after a 6% hashrate increase, while CleanSpark grew 12% to 39 EH/s. Meanwhile, total bitcoin holdings among miners surpassed 100,000 BTC for the first time, despite some firms like HIVE Digital and Cipher Mining selling their production to fund expansion.

Mining stocks took a hit, with the combined market capitalization of 15 major firms dropping from $36 billion in January to $22 billion in March. Cipher, Canaan, Hut 8, HIVE, and Bitdeer all saw losses exceeding 40%.

With network growth slowing and energy costs rising, miners may need a Bitcoin price rally to avoid further financial strain.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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