The network also recorded a 10% decrease in mining difficulty during the second week of June, marking the second similar decline this year after another drop in the first quarter, indicating the exit of some mining capacity or a slowdown in activity among certain miners.

Listed Bitcoin mining companies resorted to enhancing liquidity by selling over 32,000 Bitcoin during the first quarter to cover operating expenses, instead of relying on further cost reductions.
These developments highlight the importance of Bitcoin's price for the sector's profitability, especially with about two years remaining until the next halving. Amid persistently weak fee revenue, the recovery of profit margins for Bitcoin mining companies appears to remain heavily tied to a rise