The Bitcoin (BTC) price plunge has caused a simultaneous dip in Bitcoin mining profitability. According to a research report from investment bank Jefferies published on Friday, this metric fell by 7.4% in March. MARA Holdings Lead Bitcoin Miners In Q1 2025, the coin recorded an average price decline of 11.2% in the last month. The Jefferies report also acknowledged a 9.1% drop in transaction fees. Compared to February, when United States-listed miners, including MARA Holdings (MARA), recorded 3,002 BTC mined, March’s value reached 3,534 Bitcoin. Do you have any plans to address the reduced profits that will apply in the next Bitcoin halving? For example: 1) Lowering electricity fees. 2) Allowing mining of other cryptocurrencies 3) Other I’d like to invest more, but I don’t see the profitability in the long term… — Mpampis Menippos (@MenipposMpampis) April 14, 2025 These miners’ activities contributed about 24.8% of the total network last month, compared to 23.6% the previous month. In March, MARA produced 829 BTC of all US-listed miners, marking the most bitcoin mined by a single company at 54.3 exahashes per second. Following closely, CleanSpark (CLSK) produced 706 BTC at 42.4 EH/s. Solo Miners Process More BTC Blocks In the same mining industry, solo miners are beginning to score more often than they previously did. In the first week of April, one solo Bitcoin miner defied towering odds by successfully processing a block. This earned the miner 3.125 BTC, roughly $259,637, including transaction fees. Such trends were observed, with solo miners processing 7 blocks in 2022, 12 in 2023, and 16 in 2024. There are speculations that the growing presence of hobbyist miners may have contributed to the recent uptick in solo block wins. Bitcoin Price Hit $84,494.79, Amidst Market Recovery Amidst these events, Bitcoin price has seen some market recovery, attributed to the rebound recorded in the broader cryptocurrency market. When President Donald Trump announced his tariff policies, the news hit the tech and crypto industries. The BTC price plummeted significantly, leaving the coin below $77,000. The coin is trading at $84,494.79, following a 0.45% increase within the last 24 hours. Much of this price gain was seen after Trump rolled back a chunk of his hardline tariff policy . At first, Bitcoin broke past the $85,000 mark before finally settling at its current level. The post Bitcoin Mining Profitability Takes a 7.4% Dip in March appeared first on TheCoinrise.com .
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