According to data from Antpool, the recent drop in Bitcoin prices to around $78,500 has resulted in most Bitcoin mining rigs operating at a loss. Only the newest Antminer S23 series miners (such as the Antminer S23 Hydro) remain profitable, with each unit generating approximately $18.53 in daily revenue. Older models like the Antminer S21 series generate only $0.12 in daily revenue, while the Whatsminer M63S even incurs a daily loss of $0.47. Despite the decline in hashrate due to the North American cold snap, the global Bitcoin network hashrate remains near historical highs, with an average monthly hashrate of 927.7 EH/s in January. With miners' profits continuing to decline, some mining companies have shifted to high-performance computing (HPC) and artificial intelligence services to diversify their risk. Furthermore, the stock prices of major listed mining companies have also been affected, with MARA Holdings falling 2.5%, Cleanspark falling 6%, and HIVE Digital falling 10%.

According to previous reports, Shenyu stated that when Bitcoin falls to $75,000, 23.3W/T mining machines will reach their shutdown price .