Bitcoin mining has entered a new phase post the 2024 halving, reducing block rewards and forcing miners to optimize operations for profitability. Cointelegraph Research’s latest report, with insights from industry experts at Uminers, explores this transformation. The analysis covers ASIC efficiency, corporate performance, and new revenue models as Bitcoin moves into an era of institutional momentum and sovereign adoption. Despite financial challenges, Bitcoin’s network hashrate continues to climb, reaching 831 EH/s in May 2025. The industry focuses on power efficiency, with Bitmain, MicroBT, and Canaan launching energy-optimized ASIC models. Semiconductor giants like TSMC and Samsung are driving innovation with advanced chip technology. Post-halving, mining profitability has tightened, with hashprices dropping significantly. Miners seek low-cost energy regions like Oman and the UAE, while the US struggles with higher industrial power costs. The industry shift emphasizes efficiency, with AI computing and global regulations shaping the sector’s future. Cointelegraph Research’s report offers insights into mining profitability and strategic decision-making trends. This article does not provide investment advice, and readers should conduct their research before making decisions.