Bitcoin Mining Difficulty Drops 10% Over Weekend, Second-Largest Decline of 2026

According to Galaxy Research, Bitcoin mining difficulty fell 10.09% over the weekend, declining from 138.96 trillion to 124.93 trillion at block height 953,568. This marks the second-largest downward adjustment of 2026 and the lowest difficulty level since July 2025.

The drop followed a roughly 15% decline in Bitcoin's price in June, which compressed miner profit margins and prompted operators to shut down unprofitable machines. With the difficulty cut, the hashprice has recovered to $32.31 per petahash per second per day, up from the high $20s earlier in the month. However, with Bitcoin trading around $63,780 and the estimated average production cost near $84,300, most miners remain unprofitable on an all-in basis.