The Bitcoin price decreased by 18 % in February, which led to a decrease in the production of this mines in Wall Street BTC – TradingView News

BTC workers (BTC) from Wall Street, Hive Digital Technologies (NASDAQ: HIVE), has reported a decrease in the production of the monthly encryption for February, and mining 89 BTC compared to 102 in January, where the company re -directs resources towards growth initiatives.

The decrease is in line with the direction of a wider industry, driven by standard mining and increased competition, which erodes minerals profit margins. The situation is more complicated due to the fact that in February, the BTC price decreased by more than $ 18,000 (18 %), as it decreased to 84,000 dollars.

Cell reports

Bitcoin Mining and HDP maintenance of the average mining capacity of 5.6 Exhash per second (EH/S) during February, with a total Bitcoin’s total BTCC’s possessions, at a value of approximately $ 220 million based on the closing price on February 28 of $ 84,000.

Despite the decrease in production in the month, Bitcoin’s HIVE increased by 23 % on an annual basis. The company strategically sold some Bitcoin during February to finance capital investments, including acquisition of the BitFarms 200 MW (MW) in Paraguay.aydin Kilic, President and CEO of HIVE

“We are focusing on implementing a transformative year that places HIVE as one of the largest and most mining workers in Bitcoin in the world,” said Aydin Khelic, president and CEO of HIVE. “Our expansion of 300 megawatts in Paraguay for the 6 EH/S to 25 EH/S by September 2025 is on the right track.”

Besides the basic mining processes, HIVE continues to develop high -performance computing business. The company recorded $ 13 million of annual operating rate revenue from the GPU fleet in late February, and expects to reach $ 20 million of annual revenue by the second quarter of 2025.

The company recently appointed Craig Tavares as head and CEO of Buzz HPC, high -performance computing department, with the aim of expanding access to $ 100 million.

Bitcoin price is less than 80 thousand dollars, low performance of BTC miners as well

During last weekend, the Bitcoin price is close to the level of psychological support of $ 80,000, and the sale that started in January. Last month, he witnessed noticeable declines in particular, as BTC lost a total of 18 % and decreased to the levels that were last seen in November.

The low bitcoin price is translated into a decrease in revenue for miners in the cryptocurrency, who, such as Hive Digital, faced challenges in February. Cipher Mining Inc. (NASDAQ: CIFR) by extracting about 180 Bitcoins in February, a decrease from 219 in January.

Mara Holdings, Inc. (NASDAQ: MARA) decreased by 6 % a month, as it produced 706 BTC compared to 750 in January. Meanwhile, Canaan Inc. (NASDAQ: Can) 82 Bitcoins in February, a decrease from 88 in the previous month.