TechFlow News: On February 9, according to CoinDesk, Bitcoin’s mining difficulty adjusted downward last night at block height 935,424, decreasing by 11.16% to 125.86 T—the largest drop since China’s crackdown on cryptocurrency mining in 2021.
The primary drivers behind this decline include Bitcoin’s price falling from its October all-time high of $126,000 to approximately $69,500, and widespread power outages caused by severe winter storms across the United States. Bitcoin mining revenue has been cut in half from its peak, forcing many miners to shut down equipment or pivot to artificial intelligence ventures.
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