Bitcoin mining is a unique business. Unlike most industries where companies can adjust pricing, miners operate in a system where revenue is set by protocol and market forces. They compete in real time for a share of a fixed block subsidy, and their revenue depends on factors outside their control such as Bitcoin price and network difficulty. As of April 2026, the network is operating at approximately 1000 EH/s, effectively at the 1 zetahash level, with difficulty around 135 trillion. At this sc

Recovery Returns as Mining Conditions Begin to Stabilise March marked the first real pause in Bitcoin’s 2026 drawdown. After five consecutive losing months, BTC closed modestly higher and briefly pushed back above $75,000 before fading into quarter-end. At the same time, institutional demand started to reappear. U.S. spot Bitcoin ETFs returned to net inflows, Strategy continued adding to its treasury, and the network crossed the 20 million BTC milestone. Beneath that relative resilience, howev