This Week's Key Mining Data Highlights: Bitcoin Miner Cost Line Breached, Selling Pressure May Become Short-Term Variable

Odaily News February 6, 2024, Week 6 (January 30 - February 5):

1. According to cloverpool, the Bitcoin network's average hashrate was 912 EH/s, with a peak of 1000 EH/s and a low of 831 EH/s, representing a 9.28% increase compared to last week's average hashrate (835 EH/s).

2. According to blockchain.com, the average Bitcoin price was $78,781, with a high of $84,599 and a low of $62,182, representing an 11.22% decrease compared to last week's average price ($88,735).

3. Notable mining industry highlights include:

(1) Some S21 series miners and Whatsminer models have reached their shutdown price;

(2) The Bitcoin miner cost line has been breached, and selling pressure may become a short-term variable;

(3) Bitcoin mining company Cango released its January monthly report, showing a total Bitcoin holding of 7,474.6 BTC.

Data Partner: NYSE-listed Bitcoin mining company Cango Inc. (CANG).