Following the latest adjustment, Bitcoin mining difficulty surged by 5.61%, reaching a new all-time high of 114.17 T.

Increase After a Brief Decline

The previous adjustment resulted in a difficulty drop—the first since September 2024. Analysts at Luxor attributed this to cold weather in the U.S., which led to higher electricity costs and operational disruptions for miners.

According to Glassnode, Bitcoin’s hash rate (seven-day moving average) peaked at 844.95 EH/s on February 7 before correcting to 827 EH/s.

Hash Price and On-Chain Activity Under Pressure

Data from Hashrate Index shows that mining profitability (hash price) has dropped from $62 to $57 per PH/s per day. The decline is driven by Bitcoin’s price drop of over 6% in a week and a slump in on-chain activity, which has hit a yearly low, according to CryptoQuant.

Earlier, Fidelity analysts suggested that the declining share of transaction fees in miner revenue could become a long-term trend but would not threaten the network’s security.