The "HODL to the Moon" dinner aims to provide a high-quality communication platform for industry participants to discuss the development direction of the Bitcoin ecosystem.

The Puell multiple has remained above 1 since January 13, indicating that miner revenue is still relatively healthy. To prevent further miner capitulation, the Bitcoin price needs to rebound and stabilize above $100,000 to ensure the sustainable profitability of miners. On February 9, 2025, the Bitcoin network hash rate set a new record, surpassing 810 EH/s and reaching 818 EH/s.

The cost of Bitcoin mining is approximately $26,000 to $28,000; the cost of Bitcoin mining is approximately $26,000 to $28,000.

According to the report, the main cost of Bitcoin mining in 2025 is expected to be around $26,000 to $28,000 per Bitcoin, while the current trading price of Bitcoin is about $105,000, indicating that mining activities still have considerable profit margins.

On January 27, 2025, the Bitcoin network completed a new round of difficulty adjustment at 11:22:53, with the difficulty value decreased by 2.12% to 108.11T. Currently, the average hash rate of the Bitcoin network is 806.57 EH/s, and the next Bitcoin mining difficulty is expected to increase by 1.82% on February 9, rising to 110.08 T.

The difficulty of Bitcoin mining has been adjusted positively for the eighth consecutive time; multiple states in the U.S. have proposed Bitcoin strategic reserve bills.

U.S.-listed Bitcoin mining companies account for 25.3% of global hash rate; the trading volume share of Bitcoin miners has recently fallen below the critical level of 5%.

Bitcoin mining difficulty increased by 1.16% to 109.78 T; Bitcoin hash rate reached 1,000 EH/s; Bitcoin miner revenue in December has reached $1.44 billion.