The post Daily Bitcoin mining revenue plunges to yearly low of $28 million on crypto sell‑off appeared on BitcoinEthereumNews.com.

Bitcoin miners are now earning just $28 million a day. That’s the lowest they’ve made all year. The crash in revenue comes as the price of Bitcoin sinks and electricity bills go through the roof. Many of the big mining companies are powering down their machines. It’s just not worth keeping them on anymore. The hash price index, which shows how much money miners make for every unit of computing power, has dropped to 3 cents per terahash, based on data from Luxor Technology. Back in 2017, it was $3.50. That’s a total collapse. Mining difficulty is also expected to fall by more than 13%, which would be one of the biggest drops since the China crackdown in 2021. Newhedge says this is already locked in for the next adjustment. Companies slash operations and scramble for backup plans Bitcoin dropped below $70,000 on Thursday. That price hit made things even worse for miners. Over the past few months, as traders got liquidated and crypto slid lower, mining profits kept getting squeezed. Some mining companies like CleanSpark and Terawulf have been trying to pivot. They’ve started using their mining buildings to host AI chips instead. But most of their actual cash still comes from mining, not from artificial intelligence. Harry, who runs the business side at CleanSpark, called this the worst drop since the China ban. “It is due to the combination of both the sell off and winter storms,” he said. That same day, mining stocks tanked. CleanSpark lost 10%, Terawulf dropped 8.5%, MARA Holdings fell 11%, and Riot Platforms slid 4.8%. Wall Street was not in the mood to wait this out. Source: Luxor Technology Mining Bitcoin burns a lot of energy. These companies have borrowed billions to buy custom machines and pay electricity bills that can hit tens…

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Filed under: News - @ February 5, 2026 9:21 pm