Bitcoin Hash Rate Hits 1,000 EH/s as Miners Profits Drop

• Bitcoin’s hash rate reaches 1,000 EH/s, marking a new network security milestone.
• Miners sold 40% of their Bitcoin production in March, the highest since October 2024.
• Bitcoin miner revenue plummets 40%, with operational costs mounting amid low fees.

Bitcoin’s network reached a new milestone, with a hash rate of over 1,000 exahashes per second (1 Zetahash per second) according to data from Cloverpool. This new record signifies a considerable increase in the computational power securing Bitcoin’s blockchain.

Record Hash Rate Amid Financial Strain on Miners

The growth of Bitcoin’s hash rate indicates increased mining participation and technological improvements in mining. As of April, the hash rate peaked at one sextillion hashes per second. This growth helps provide more computing power to the network and therefore contributes to its security.

Despite these advancements in network strength, Bitcoin miners are under increasing financial pressure. According to Newhedge, a blockchain analytics platform, the revenue of Bitcoin miners plummeted almost 40% year-over-year, from $2 billion in March 2024 to $1.2 billion in March 2025. 

Related: Why Bitcoin Needs More Than Just LTHs Starting to Buy for a Real Rally

This is mainly due to the Bitcoin halving in April 2024, cutting block rewards from 6.25 to 3.125 BTC per block. This decrease has made transaction fees increasingly crucial for miners, yet low fees and empty blocks have put further strain on their operations. 

Miner Sell-Offs as Financial Pressure Mounts

According to TheMinerMag, publicly traded mining companies sold over 40% of their own Bitcoin production in March 2025, the largest liquidation rate since October 2024. This is a shift from the post-halving accumulation strategy miners have favored in the past. The struggling hash price conditions and rising market competition led HIVE, Bitfarms, and Ionic Digital to sell more Bitcoin than they mined in the month of March.

Related: Trump’s Team Considers Buying Bitcoin with Tariff Funds to Boost U.S. Crypto Presence

The sell-off immediately affected Bitcoin’s market price, which recorded a 2.3% drop in March, following a larger 17.39% correction in February. The release of mining reserves to fund operations creates downward market pressure, which may worsen market conditions.

In addition to financial pressures, U.S.-based Bitcoin miners are contending with trade tariffs that significantly affect their profitability. Tariffs on mining hardware, particularly those introduced under the Trump administration, have raised the cost of importing essential equipment. According to BullifyX, these tariffs could increase the cost of mining components, further squeezing miners’ profit margins.