Bitcoin continues to face sell pressure. Strategy did its smallest purchase to date but is getting closer to holding 500,000 BTC. Hashprice remains low, even as difficulty growth slows, challenging miners to find cost-effective strategies. On the innovation front, the first on-chain Bitcoin difficulty hedge took place, and the A2 Pro pushes the efficiency of the SEALMINER below 15 J/TH. For premium members, we dive into the science behind the ASIC model upgrades—exploring how chip fabrication, power supply refinements, and cooling advancements continue to enhance mining performance. Let’s dive in!
Bitcoin Faces Sell Pressure
Strategy Edges Closer to 500K BTC with Smallest Buy Yet
Network Hashrate Stabilizes After Sharp Drop
Low Hashprice Persists Despite Sluggish Difficulty Growth
Three Cost-Effective Strategies to Stay Profitable
First Ever On-Chain Bitcoin Difficulty Hedge on Doefin
Improved Efficiency with SEALMINER A2 Pro
Premium Members Only:
The Science Behind “Pro,” “XP,” and “Plus” Upgrades
Improved Semiconductor Fabrication
Enhanced Chip Bin Sorting (Binning)
Refinements in Power Supply and PCB Design
Cooling System Upgrades
Firmware and Software Optimizations
Bitcoin Faces Sell Pressure
Bitcoin continues to struggle with selling pressure, particularly from recent buyers, as demand remains weak. On March 11th Bitcoin hit a four-month low of $76,555, 30% from its all-time high of $109,114 in January. The price decline triggered record outflows from Bitcoin ETFs and widespread liquidations in futures markets.
The market briefly recovered, with Bitcoin reaching $85,301 before encountering resistance. BTC fell through the daily SMA 200 which is now acting as resistance. The bulls would like to see a close above this moving average. On the downside $73-74,000 level is an important level to watch.
Strategy Edges Closer to 500K BTC with Smallest Buy Yet
Strategy, formerly known as MicroStrategy, is the largest corporate Bitcoin holder. Strategy has made its smallest BTC purchase to date, acquiring 130 BTC for $10.7 million at an average price of $82,981. The previous record for its smallest buy was 169 BTC in August 2024. Despite its size, the purchase brings the firm’s total holdings to 499,226 BTC, just 774 BTC shy of the 500,000 milestone.
The acquisition was funded through the company’s STRK ATM program, aimed at raising up to $21 billion for further Bitcoin purchases. So far in 2025, MicroStrategy has added 51,656 BTC across seven acquisitions, spending $4.4 billion while recording a $2.6 billion BTC gain. However, its “BTC $ Gain” metric is still 74% away from the firm’s $10 billion target for the year.
Network Hashrate Stabilizes After Sharp Drop
Bitcoin’s network hashrate has cooled off following a volatile period. After reaching an all-time high of 856 EH/s on February 6, it dropped sharply by 106 EH/s (12.4%) to 750 EH/s amid bearish price action. However, early March saw a recovery, with hashrate climbing back above 800 EH/s. Since then, it has been fluctuating between 790 EH/s and 830 EH/s.
Low Hashprice Persists Despite Sluggish Difficulty Growth
On Sunday, March 9th, Bitcoin difficulty adjusted +1.43%. Year-to-date, network difficulty has only increased 2.16%, well below 2024’s average 4.38% MoM growth.
Meanwhile, hashprice continues to struggle due to low transaction fees and weak BTC price action. The latest adjustment pushed hashprice down to $46/PH/day, a level not seen in four months.
Three Cost-Effective Strategies to Stay Profitable
How can miners stay profitable during this period of tight margins? Upgrading the miner fleet to the latest and most efficient machines is the most straightforward answer. But this capital intensive solution might not be for everyone, here are three cost-effective strategies to consider:
Optimize energy efficiency – Run miners in low power mode to reduce costs until hashprice recovers.
Leverage hashrate marketplaces – Sell hashrate on platforms like NiceHash during price spikes to maximize returns.
Enhance operational efficiency – Use monitoring and management software to ensure your fleet is running at optimal performance.
Bonus Tip: Take advantage of low hashprice to perform maintenance on your facility and machines. Downtime at current market conditions are relatively less painfull and will help you operate smoothly when the market rebounds.
First Ever On-Chain Bitcoin Difficulty Hedge on Doefin
POW.RE and Luxor Technology have completed the first-ever on-chain Bitcoin difficulty hedge using Doefin, a decentralized market for Bitcoin mining risk management. This trade enables miners to protect themselves from sudden spikes in network difficulty—without relying on centralized intermediaries.
Bitcoin mining profitability is directly tied to network difficulty, which can fluctuate significantly, impacting revenue. Doefin offers fully collateralized, on-chain derivatives to hedge against this volatility.
For this inaugural trade, POW.RE hedged against a 5.5% difficulty spike for 100 PH/s of its Paraguayan operations. Luxor, known for its Hashrate Forward Marketplace, acted as the counterparty.
Improved Efficiency with SEALMINER A2 Pro
The SEALMINER A2 Pro builds on the A2 series with chip optimizations, delivering higher power efficiency. With an upgraded power supply reaching 97% efficiency, the SEALMINER A2 Pro extracts more performance from the same power input.
The hydro-cooling model enhances heat tolerance, increasing the inlet temperature from 55°C to 60°C while maintaining outlet temperatures up to 70°C. This ensures stable operation even in demanding environments. Designed for quieter mining operations, the air-cooled SEALMINER A2 Pro operates at 3–4dB lower noise levels compared to other hardware models in the industry.
The following content is exclusively for our Premium Members:
The Science Behind “Pro,” “XP,” and “Plus” Upgrades
Improved Semiconductor Fabrication
Enhanced Chip Bin Sorting (Binning)
Refinements in Power Supply and PCB Design
Cooling System Upgrades
Firmware and Software Optimizations
