23% of Bitcoin Miners Facing Daily Losses

Nearly 23% of Bitcoin miners reported a negative daily net yield as of August 6, according to data from WuBlockchain. This means that one in four mining rigs is no longer profitable, as mining revenues no longer cover electricity costs. The most energy-efficient model has an estimated shutdown price of around $46,787. If Bitcoin falls below this threshold, the majority of miners would become unprofitable. Currently, Bitcoin (BTC) is trading around $65,177, up 0.70% over 24 hours, but well below its all-time high of $126,195 reached in October 2025. The nearly 48% correction from the ATH impacts miners' revenues, while operational costs remain fixed. This margin compression occurs in a post-halving context, where the block reward has been halved. Historically, these stress phases often precede a hash rate purge, where the least profitable machines are shut down, thereby adjusting mining difficulty downwards. Small operators are particularly vulnerable to any increase in difficulty or electricity costs, which could lead to a forced cessation of their activities. The current trend may signal a market adjustment or the beginning of a more challenging phase for the industry.