Bitcoin Mining Difficulty Slightly Decreases From All-Time High... Mining Firms Still Under Pressure

Recently, Bitcoin (BTC) mining difficulty, which had reached an all-time high, showed a slight decrease. Despite mining difficulty remaining at consistently high levels since May, mining companies are reportedly expanding their operations.

On the 15th (local time), cryptocurrency-focused media outlet Cointelegraph, citing data from CryptoQuant, reported that Bitcoin's mining difficulty dropped to 126.4 trillion as of last Saturday. This marks a slight decrease from the 126.9 trillion recorded on May 31.

The higher the mining difficulty, the greater the competition and production costs for Bitcoin mining, which can pose a burden for mining firms.

Nevertheless, despite these pressures, mining companies are expanding their Bitcoin mining businesses, and are also accumulating the Bitcoins they mine.

First, Marathon Digital Holdings reported a mining output of 850 Bitcoins in May, a 35% increase compared to the previous month. Furthermore, Marathon Digital Holdings incorporated all the Bitcoins mined last year as company financial assets, increasing its reserves to 49,179 Bitcoins.

Salman Khan, Chief Financial Officer of Marathon Digital Holdings, stated on X (formerly Twitter), "We set a record production in May and also did not sell a single Bitcoin."

Another Bitcoin mining firm, CleanSpark, also mined 694 Bitcoins last month, a 9% increase from the previous month. CleanSpark’s total Bitcoin holdings amount to 12,502.