Bitcoin miners scaling back operations due to decrease in hash rate

Bitcoin (BTC) mining difficulty, also known as hash rate, had been steadily climbing for a year and a half. This upward trend was driven by the expansion of mining operations, as miners aimed to maximize their profits before the upcoming halving event that would reduce their rewards. Additionally, as network revenues continued to soar due to various factors, interest in Bitcoin mining grew exponentially. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.