Bitcoin miner hashprice has dropped to $40 per PH/s/day as of November 2025, affecting major listed miners like Marathon Digital Holdings and Riot Platforms globally. This drop threatens miners' profitability, prompting operational scrutiny and potential shutdowns, exacerbated by increased BTC network difficulty.
Hashprice Nears $40, Signaling Challenges for Miners
Bitcoin miner hashprice approaches $40 per PH/s/day, signaling challenges for miners near breakeven. This decline significantly impacts major listed miners such as Marathon Digital and Riot Platforms. Key players like these face intensified pressures leading to 'survival mode'. As hashprice drops, the financial stability of these companies comes under a microscope, propelled by rising network difficulty.
Market Adjustments and Stock Declines
The hashprice dip has resulted in marked stock declines for miners, with publicly traded stocks dropping over 10%. This has forced companies to strategize for operational efficiencies amid potential shutdown risks. The financial impact prompts regulatory scrutiny, though no new policies have emerged. Historical trends suggest hashprice crunches recycle through the industry, prompting a familiar dance of operational rebalancing and strategic consolidation.
Nick Hansen, CEO of Luxor Technologies, commented, "Hashprice compression is a necessary rebalancing event that forces operational excellence."
Analysts Predict Stabilization Post-Market Adjustments
Previous hashprice compressions, such as those post-2020 halving, led to temporary stagnation. Such historical references illuminate current challenges, encouraging miners to opt for increased operational diligence. Expert analysis from Kanalcoin indicates a potential return to stability following market adjustments and technological optimizations. These assessments point to future consolidations as strategic amendments are inevitable.