new high

2025 Bitcoin Mining Trends: Hashrate Hits New High After Halving, Energy Arbitrage Drives Mining Company Migration

ChainCatcher news, according to Cointelegraph, Bitcoin enters its fifth era after the 2024 block reward halving, with the single block reward decreasing from 6.25 BTC to 3.125 BTC. Mining companies are responding to profit pressures through hardware upgrades, energy optimization, and regional migration. By May 1, 2025, the total network hash rate is expected to reach 831 EH/s, a 77% increase from the 2024 low of 519 EH/s, with a peak rising to 921 EH/s.The iteration of mining machines accelerates the energy efficiency competition, with Bitmain's Antminer S21+ achieving a hash rate of 216 TH/s and an energy consumption ratio of 16.5 J/TH, while MicroBT's immersion mining machine WhatsMiner M66S+ reduces energy consumption to 17 J/TH. TSMC and Samsung have already adopted 3-nanometer chip technology, with 2-nanometer processes soon to be implemented, driving continuous improvements in mining machine efficiency.Energy costs dominate the survival of mining companies, with the network difficulty rising to a historical high of 123T, and daily earnings per TH/s (Hashprice) dropping from $0.12 in April 2024 to $0.049 in the same period of 2025. The Omani government subsidizes electricity prices to maintain $0.05--$0.07 per kilowatt-hour, while semi-official projects in the UAE have electricity prices as low as $0.035--$0.045 per kilowatt-hour, attracting institutional-level mining operations. In the U.S., industrial electricity prices exceed $0.1 per kilowatt-hour, forcing mining companies to migrate to low-cost energy regions in Africa, the Middle East, and Central Asia.A Cointelegraph research report indicates that the growing demand for AI computing power, global regulatory adjustments, and breakthroughs in hardware technology will continue to impact the industry landscape over the next 12 to 18 months. Efficiency optimization has become a survival necessity, with only leading mining companies able to maintain competitiveness through energy arbitrage and equipment upgrades, while sovereign nations adopt strategies alongside institutional entry or reshape Bitcoin's position in the global financial system.

Tariff fluctuations drive NFL and NBA to increase digital merchandise, Flow chain TVL reaches a new high of $44.4 million

ChainCatcher news, according to Cointelegraph, Dapper Labs Vice President Ridhima Kahn pointed out that tariff uncertainty is accelerating brands like the NBA, NFL, and Disney to shift towards blockchain digital goods strategies. Data shows that quarterly NFT sales on the Flow blockchain increased by 7%, with NFL All Day and NBA Top Shot achieving sales of $2.5 million and $5.6 million respectively, and the total value locked (TVL) on the chain reached a historic high of $44.4 million.Kahn stated that the volatility of physical goods costs is prompting brands to explore digital collectibles as a new path for fan engagement. The NBA app has launched tradable highlights such as "LeBron Dunk," while NFL All Day has introduced commemorative NFTs for game highlights. Digital memorabilia, tied to real-world rights, can unlock exclusive offline experiences. Currently, 60% of global fan engagement time has shifted online, and digital goods, with their lack of geographical restrictions, help brands reach a broader audience.On the technical side, the optimization of blockchain deposit and withdrawal channels has lowered the participation threshold for users. After integrating with OpenSea, NBA Top Shot has ranked among the top five popular collectibles on the platform for four consecutive weeks. Dapper Labs optimizes product design through A/B testing and VIP user interviews, such as collecting collector feedback during the NBA mid-season and quickly iterating the digital experience.Kahn emphasized that digital goods do not replace physical goods but rather expand revenue sources. IP-driven digital collectibles have advantages such as customization, permanent retention, and instant global circulation, enabling features like carrying valuable collections on mobile devices and cross-border transactions. In the future, brands will continue to explore the linkage between the digital space and physical rights, such as redeeming offline benefits through on-chain actions, building a two-way value system.The clarification of regulations is enhancing brands' confidence in blockchain technology. As multiple countries improve their digital asset frameworks, mainstream institutions are accelerating their layout in the compliant digital goods market. The Flow blockchain ecosystem has seen the emergence of new-generation investment protocols like KittyPunch, driving use cases to extend into trading, governance, and other scenarios.
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