On July 12, as a result of the latest adjustment, the mining difficulty of the leading cryptocurrency increased by 7.96% — reaching 126.27 T.

Data: CloverPool.
The indicator approached the all-time high of 126.98 T recorded in May.

After the difficulty adjustment, the network's average hashrate dropped to 797 EH/s, and the block time interval exceeded 11 minutes.

According to Glassnode, the smoothed seven-day moving average of the network’s computational power stands at 909.5 EH/s.

Data: Glassnode.
The metric has recovered from local lows below 800 EH/s at the end of July, during which difficulty dropped by 7.48%.

According to Hashrate Index, the hashprice fell from approximately $64 to about $59 per PH/s per day after the recalculation. The mining profitability metric offset all gains driven by the digital gold rally reaching an ATH above $118,000.

Data: Hashrate Index.
Despite the pressure on digital gold mining profitability, some industry participants such as KULR Technology and Tether are expanding their mining capacities.

Others, like Bit Digital and BIT Mining, are shifting focus from Bitcoin to accumulation and staking of altcoins — Ethereum and Solana, respectively.

It is worth noting that AI infrastructure provider CoreWeave suggested that after acquiring one of the largest public miners, Core Scientific, for $9 billion, it may completely exit this business.