CryptoQuant Report: Bitcoin Mining Profits Fall to 14-Month Low

PANews reported on January 31 that, according to Decrypt, CryptoQuant data shows that the ratio measuring the relationship between Bitcoin price and the profitability of Bitcoin mining operations has fallen to its lowest point in 14 months, with the miner profitability sustainability index at 21, the lowest level since November 2024.

CryptoQuant believes that miners' earnings are "extremely low" given the sharp drop in Bitcoin prices this week and the current mining difficulty. This situation persists despite the Bitcoin network's hashrate (a metric measuring network computing power) declining for five consecutive periods and reaching its lowest point since September 2025. In addition to the "extremely low earnings" indicated by the aforementioned metrics, some miners have also been severely impacted by the recent severe winter storms that swept across the eastern United States, bringing snow and ice damage to multiple states.