Bitcoin · Galaxy Digital · The Block
Bitcoin mining difficulty drops 10% in second-largest negative adjustment of 2026
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Bitcoin mining difficulty fell 10.09% over the weekend, dropping from 138.96 trillion to 124.93 trillion at block height 953,568, according to Galaxy Research.
Key facts
- Bitcoin mining difficulty fell 10.09% over the weekend, dropping from 138.96 trillion to 124.93 trillion at block height 953,568, according to Galaxy Research
- With BTC currently trading at about $63,780, per The Block's Bitcoin Price page, spot price is sitting about a quarter below that estimated cost, leaving mining underwater on an all-in economic basis
- The drop is the third downward adjustment of more than 5% of 2026, after an 11.16% cut on Feb. 7 and a 7.76% reduction in March
- The new difficulty is the lowest level of 2026 so far, and the lowest level since July 2025
Summary
Mining difficulty measures how much computational work miners, using high-powered chips, must perform to add a block to the blockchain. The latest cut to difficulty followed a roughly 15% decline in bitcoin's price so far in June, which compressed miner margins and prompted some operators to shut off unprofitable machines. Galaxy Research, the research arm of crypto financial services firm Galaxy Digital, attributed the latest cut to a price-driven margin squeeze, the same driver its ranking table assigns to Bitcoin's other major 2026 adjustments. A 10.09% cut raises the amount of bitcoin produced per unit of active hashrate by about 11%.