The largest player in the crypto industry is expanding its own computing infrastructure. According to Tether’s statement, the company has begun implementing high-density modular systems for Bitcoin ($BTC) mining.

Itaú Unibanco, through its venture arm Itaú Ventures, made an undisclosed investment in Minter, a company focused on deploying mobile data centers and organizing Bitcoin mining operations across Brazil. Minter’s approach allows the company to utilize excess energy that would otherwise go to waste.

Bitcoin’s mining difficulty eased this week, declining 2.43% from the prior target and settling at 135.59 trillion. This adjustment comes on the heels of the previous epoch’s 3.87% increase and marks the fifth downward revision recorded this year.

Mining

In the Bitcoin network, mining difficulty has dropped to 135.5 T, but it is expected to rise again in the next cycle, reflecting increasing pressure on the crypto mining industry.

A solo miner was mining cryptocurrency using equipment with a hashrate of 70 Th/s, equivalent to a single device from a 2019 lineup. The solo miner successfully mined a Bitcoin block and earned $222,000. The power of his equipment gave him a chance of finding a block only once every 300 years.

Mining

Bitdeer has launched sales of its SEALMINER A4 series mining units for Bitcoin. The flagship model of the new series is claimed to have an energy efficiency of 9.45 J/TH.

Mining

After a 7.76% decrease in the previous difficulty epoch, Bitcoin’s network difficulty increased by 3.87% at block height 943488. This latest adjustment marks the third increase recorded this year.

Public Bitcoin miner MARA Holdings announced it has reduced its workforce by approximately 15% as part of a strategic business transformation. The decision affected workers across various departments, including contractors, and occurred in waves over several days. This was reported by Blockspace.

Canadian mining company Bitfarms plans to complete its U.S. re-registration on April 1 under the name Keel Infrastructure as part of a strategic pivot toward artificial intelligence.

The role of Iran in Bitcoin mining has expanded within the global network, with the country estimated to contribute 6%–8% of the total hash rate. This level of activity places Iran among the world’s largest mining hubs, with analysts noting that a significant portion of operations is linked to state entities.

MARA Holdings, a U.S.-based cryptocurrency mining company, has carried out a significant financial operation to manage its balance sheet. The company announced special agreements to repurchase convertible bonds totaling $1 billion. These transactions involve zero-interest bonds maturing in 2030 and 2031.

The cost of mining Bitcoin has exceeded $100,000 for some miners, according to analysts at CoinShares. They estimate that the share of mining revenue for large data centers could drop from 85% to less than 20% by the end of the year.

Mining company Hut 8 has developed a modular infrastructure model that allows flexible switching of computing power between artificial intelligence tasks and Bitcoin mining. This was reported by The Block.

Mining

Bitcoin ($BTC) mining profitability has significantly declined due to rising costs and geopolitical tensions. According to data from the analytics platform Checkonchain, the average cost of producing one bitcoin had risen to approximately $88,000 by mid-March. At the same time, the price of bitcoin is trading around $69,000. This means that miners are losing an average of about $19,000 per mined $BTC, operating with a negative margin of approximately 21%.

The decline in hash rate and the associated pressure on miners may signal the beginning of a new phase of массовый exit of participants from the market (capitulation), which could lead to further price declines. Bitcoin’s hash rate is decreasing amid the conflict in the Middle East, which is driving up energy prices. This increases pressure on the mining sector and the market as a whole.

Bitcoin miners hold about 1% of the total mined coins, but these reserves simply sit idle on balance sheets, generating no income. This conclusion comes from a new report by Wintermute: the market maker believes miners are missing a key survival tool at a time when Bitcoin mining no longer generates the profits it once did.