Iran’s Bitcoin mining sector has taken a major hit amid the ongoing conflict involving the U.S., Israel, and Iran. The country has reportedly lost around 77% of its Bitcoin mining power, forcing thousands of miners offline.
Looking at market share change, China has lost 1.35% QoQ after Xinjiang enforcement actions cut about 13% of its capacity. Meanwhile, Iran dropped 0.6% due to US-Israel conflicts, and the US fell by 0.13%.
Experts say the decline reflects broader pressure across the Bitcoin mining industry.
Bitcoin Price Drop Adds More Pressure
The mining slowdown also comes as the Bitcoin price remains below its previous highs. Bitcoin has fallen roughly 50% from its October 2025 peak near $126,000 and is now trading around $70,000.
Lower prices reduce mining profitability, pushing smaller operators offline. Hashprice has also dropped to around $27.89 per PH/s per day, marking historically low returns for miners.
Despite the decline, the Bitcoin network continues operating normally.
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