Crypto
Bitcoin mining bottom calls return as older rigs and high-cost operators stagger
A key bitcoin mining stress indicator has fallen into its lowest undervalued range of 2026, reviving talk of a market bottom. Analysts say the more important factor is hashprice, a measure of expected revenue per petahash per second, which reflects subsidies, fees, difficulty and bitcoin’s price. Recent data show hashprice weakness and widening profitability gaps between efficient and older equipment. Network hashrate has also slipped, raising the risk of shutdowns among high-cost operators.
