Bitcoin mining difficulty experiences the largest weekly adjustment in recent years, with hash rate and price fluctuating in both directions

This week, the Bitcoin mining market has seen notable changes. According to the latest data, the average hash rate across the Bitcoin network remained high during this period, but the difficulty adjustment reached its largest change since summer 2021. This adjustment fully reflects the current network’s dynamic equilibrium mechanism. Meanwhile, BTC prices also experienced significant fluctuations, pulling back from last week’s highs. Market participants should closely monitor the deeper implications behind these key indicators.

Network Hash Rate Surge, Difficulty Facing Major Adjustment

During this week, the average hash rate of the Bitcoin network reached 1030 EH/s, with a peak of 1116 EH/s, up 9.28% from last week’s 912 EH/s. This rapid growth in hash rate has driven up the network’s total computing power, but it has also triggered the difficulty adjustment mechanism— the seven-day average hash rate fell back to 990.08 EH/s, and the difficulty experienced the largest single downward adjustment since summer 2021.

This adjustment is significant in mining economics. When hash rate increases rapidly, block generation speeds up, and the difficulty adjustment automatically triggers to maintain an average block time of about ten minutes. The substantial difficulty correction indicates that the explosive growth in hash rate has been absorbed by the market, and the mining competition landscape is entering a new equilibrium phase.

Miner Monthly Performance Divergence, Dual Consideration of Output and Reserves

Bitdeer produced 668 BTC in January, with total crypto asset reserves reaching 1,530 BTC. As a leading mining company, Bitdeer’s stable production capacity and reserve scale demonstrate its competitive advantage in the industry. Meanwhile, Canaan Technology mined 83 BTC in January, with crypto reserves totaling 1,778 BTC and 3,951 ETH. The multi-asset reserve strategy reflects different companies’ long-term value judgments.

These enterprise-level mining output data indicate that, despite Bitcoin prices pulling back to an average of $68,401 this week (currently rebounding to about $72,760), mining operations have not been significantly impacted. On the contrary, by building sufficient crypto reserves, leading miners are preparing for future market changes.

Cangu Raises Over $100 Million, AI Computing Power Platform Becomes New Financing Focus

Among the most notable developments in mining financing is Cangu’s completion of a $75.5 million new funding round, focusing on strategic transformation into an AI distributed computing platform. This financing marks the acceleration of traditional mining companies shifting toward infrastructure providers, capturing new opportunities driven by exploding AI computing demand.

Cangu’s fundraising reflects structural changes facing the entire mining industry—Bitcoin mining remains core business, but the application prospects of distributed computing in the AI era are attracting increasing capital attention. This round of funding injects new growth momentum into the Bitcoin mining industry and signals deep innovation in the business models of mining enterprises.