The adjustment follows a sharp decline in network hashrate due to BTC price weakness and miner profitability pressures.
Bitcoin mining difficulty is poised to fall 9.55% in the next adjustment, the second-largest drop this year. The decline stems from a reduction in network hashrate, triggered by early June price weakness and profitability challenges for miners.
The last comparable drop occurred in June, with the current adjustment expected to boost BTC output per hashrate by over 9%. Analysts project mining hashprice could rebound above $30 per PH/s, easing pressure on marginal operators.
Hashrate declines are partly driven by older mining rigs being taken offline, as well as a shift in power capacity toward high-performance computing and AI data centers.