Odaily Planet Daily Report for Week 9 of 2026 (February 20 - February 27):
-
According to Cloverpool, the average hash rate of the Bitcoin network is 1055 EH/s, with a peak of 1184 EH/s and a low of 854 EH/s, up 0.89% from last week’s average hash rate of 1045 EH/s.
-
According to blockchain.com, the average price of Bitcoin is $68,046, with a high of $70,020 and a low of $62,534.61, down 1.9% from last week’s average price of $68,046.
-
Notable mining industry news:
(1) U.S. listed Bitcoin mining company Abits Group raised $2.1 million through a rights offering;
(2) Bitcoin miner Hive’s revenue increased by 219% year-over-year, but net loss was $91 million due to accelerated depreciation;
(3) Bitcoin miner IREN will be included in the MSCI US Index;
Data partner: Cango Inc. (CANG), a Nasdaq-listed Bitcoin mining company.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Babylon Integrates With Ledger, Allowing Efficient Access to Bitcoin DeFi Via Self-Custody
Babylon Labs, a decentralized protocol that allows Bitcoin holders to stake their BTC natively on various PoS (proof-of-stake) blockchains, today announced a strategic partnership with Ledger Hardware wallet, an advanced cold storage technology that enables users to securely protect their digital
BlockChainReporter5m ago
CryptoQuant: The amount of Bitcoin in loss has risen to 40-45%
Gate News Report, March 11 — According to CryptoQuant data, the supply of Bitcoin in loss is rising to 40-45%. The organization noted that this level is commonly seen in the early stages of a bear market.
GateNews9m ago
Bitcoin Could Flip ‘Highly Volatile’ Tag as Bulls Eyes $80K by April
Bitcoin paused in choppy trading near the $70,000 mark as markets priced in geopolitical risk and shifting macro cues. After weeks of rangebound action, bulls are betting that a sustained push above the key level could unlock the next leg higher, while bears warn a breakdown remains a possibility if
CryptoBreaking14m ago
Strategy Perpetual Preferred Stock STRC Yesterday's trading volume hit a new high of $409 million, with enough funds to buy 2,038 BTC
Gate News Report, March 11 — According to BitcoinTreasuries.NET data, Strategy Company's perpetual preferred stock STRC traded with a volume of $409 million yesterday, reaching a new all-time high, with the stock price above its $100 face value. This amount of funds could be used to purchase 2,038 BTC.
GateNews39m ago
Miners are no longer mining Bitcoin; they are selling electricity to AI.
Written by: Cathy, Plain Language Blockchain
Mining one Bitcoin costs $87,000. When sold, the market only pays you $67,000.
For each Bitcoin mined, you net a loss of $20,000. It’s not just losing on fees or electricity fluctuations; it’s a solid loss—losing $20,000 for every Bitcoin produced. This is the reality in March 2026. Data from Glassnode and MacroMicro both point to the same conclusion: Bitcoin mining, at current prices, is a losing business.
But miners aren’t just sitting around waiting to die. They’ve made a choice that the entire market didn’t expect—they’re stopping mining and selling electricity to AI.
Specifically, it’s not “stopping mining,” but rather emptying the Bitcoin treasury and pouring all funds into AI data centers, relegating mining to a side gig.
Since Bitcoin dropped from 126,000 in October 2025
PANews56m ago
