Bitcoin Mining Takes a Hit in June — The Hidden Forces Behind the Drop
Bitcoin's mining output just hit a speed bump—and the crypto world is scrambling for answers.
The Hash Rate Hiccup
June saw a noticeable dip in Bitcoin mining productivity. Whether it’s hardware fatigue, energy price spikes, or miners playing the long game, the network’s rhythm got thrown off.
Regulatory Shadowboxing
While no new crackdowns made headlines, whispers of tightening policies in key mining hubs might’ve spooked some operators into dialing back. Because nothing says 'innovation' like bureaucrats with clipboards.
The Silver Lining Playbook
History shows these dips often precede bullish resets. Miners aren’t just digging for coins—they’re drilling through volatility. Meanwhile, Wall Street still thinks 'proof of work' refers to their 80-hour weeks.
Bitcoin Mining Output Declined in June
As previously shared by BeInCrypto, June 2025 marked a turning point with an 8-month low drop in Bitcoin’s network hashrate.
A heatwave impacted the operations of mining farms. High temperatures reduced machine efficiency, forcing many miners to pause or scale down operations, particularly in regions like Texas and China. Additionally, the war in Iran appears to have also contributed to the decline in operations.
However, this is not entirely indicative of a broader downturn. At the time of writing, the network hashrate has shown signs of recovery.
That said, the decline in hashrate seems to have impacted the performance of bitcoin mining companies in June. According to published data, several companies in the industry experienced a slight reduction in output when costs surged 34%.
In its report, Cango stated it mined 450 BTC in June, down from 484.5 BTC in May, representing a 7% decrease. Similarly, MARA reported mining 713 BTC compared to 950 BTC in May, a 25% reduction. Cipher Mining mined just 160 BTC in June.
“The decrease was primarily due to reduced uptime from weather-related curtailment and the temporary deployment of older machines in Garden City while storm-related damage was being remediated.” MARA shared the report.
Despite the decline in mining output in June, the sector has also seen positive signals with an influx of new companies joining the space.
Specifically, South Africa’s state-owned power company, Eskom, is considering using excess electricity to mine Bitcoin. Meanwhile, NIP Group, a US-listed company, has entered the Bitcoin mining field. Additionally, UK-based TWL Miner completed a $95 million Series B funding round.
This demonstrates the industry’s resilience, driven by risk management strategies and investments in advanced cooling technologies.
