Bitcoin mining hashprice remains flat despite higher difficulty, according to a recent report. The hashprice, which represents a miner’s daily revenue per unit of hashing power expended, has stayed at around $48 per petahash per second (PH/s) despite a 1.4% increase in Bitcoin difficulty. Data from CoinWarz indicates that the Bitcoin difficulty rose to 113.76 trillion at block 889,081 on March 23. TheMinerMag reports that a hashprice below $50 is financially challenging for miners using older hardware like the Antminer S19 XP and S19 Pro. This, combined with decreasing network transaction fees, may push some miners into unprofitable territory, compelling them to shut down their hardware until they upgrade their ASICs or conditions change. The mining industry has been grappling with challenges since the April 2024 Bitcoin halving event, which reduced the block subsidy to 3.125 BTC, consequently increasing network difficulty. In addition, the recent market downturn due to macroeconomic uncertainties has added to the struggles of mining firms. Publicly listed Bitcoin mining companies collectively lost 22% of their share value in February 2025, as per research by JPMorgan. Even miners diversifying into artificial intelligence and high-performance computing data centers are feeling financial strains. The rise in network hashrate is intensifying competition among miners, requiring more computing resources to stay profitable. Concerns about an extended trade war between the US and Canada, coupled with tariff threats, are further unsettling miners. The ongoing challenges in the industry are exacerbated by potential tariffs on energy exports to the US by Canadian authorities.