Bitcoin's network hash rate has surged to an average of 912 EH/s, marking a 9.28% increase from last week's 835 EH/s, according to cloverpool. Despite this growth, Bitcoin's average price fell by 11.22% to $78,781, with fluctuations between $62,182 and $84,599, as reported by blockchain.com. The rising hash rate and declining prices have pushed some S21 series and Antminer mining machines to their shutdown thresholds, indicating potential short-term selling pressure. Additionally, Bitcoin mining company Cango Inc. reported holding 7,474.6 BTC in its January report, highlighting the financial strain on miners as costs surpass profitability levels.