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Gate connects with the global ecosystem at Consensus HK for three days, Dr. Han's keynote speech deepens cooperation consensus

According to official news, the globally leading crypto asset trading platform Gate held a high-end industry exchange event during Consensus HK, continuously strengthening its role as a connector and its industry influence in the global Web3 ecosystem.Dr. Han, the founder and CEO of Gate, delivered a keynote speech on the main stage of the conference, sharing Gate's practical experiences in globalization, compliance, and Web3 infrastructure. This speech highlighted Gate's position as an industry link, demonstrating that Gate is promoting cooperation and implementation in the global Web3 ecosystem with a more open attitude. During the three days of Consensus HK, Gate also organized multiple exchange activities around core topics such as investment, technology, and institutional collaboration, facilitating deep cooperation among different circles and ecological roles.On February 10, Gate Ventures hosted the dinner "Gate Ventures Executive Dinner: The Convergence," gathering several industry leaders to discuss the global value chain. On February 11, Gate held a reception for a broader range of industry participants, focusing on cutting-edge topics such as AI, Web3, and RWA, sparking collisions and interactions of diverse viewpoints. On February 12, Gate held "Gate Institutional Circle: CrossEx · Next-Gen Cross-Exchange Trading Infrastructure," featuring thematic sharing, roundtable discussions, a dinner, and an awards ceremony to engage in deeper industry dialogue.By concentrating its layout at this important industry node of Consensus HK, Gate plays a key role in connecting capital, technology, and application ecosystems, further consolidating its participation and influence in the global Web3 ecosystem.

JPMorgan: The production cost of Bitcoin has decreased from $90,000 at the beginning of the year to $77,000

According to The Block, JPMorgan analysts have stated that their estimated production cost of Bitcoin—historically viewed as a "soft price support"—has decreased from $90,000 at the beginning of the year to $77,000, primarily due to a recent decline in network hash rate and mining difficulty.Analysts pointed out that the recent drop in Bitcoin's network hash rate has triggered the largest adjustment in mining difficulty since the Chinese mining ban in 2021, with a cumulative decline of about 15% so far this year. The decrease in difficulty provides breathing room for miners still in operation, as efficient miners are capturing market share lost by high-cost miners who have been forced to shut down. Analysts have observed a rebound in hash rate and expect that production costs may rebound during the next difficulty adjustment.The report attributes the decline in difficulty to two factors: first, the drop in Bitcoin prices has rendered high-cost miners unprofitable; second, winter storms in the U.S. have temporarily halted operations at large mining facilities in places like Texas. Some high-cost miners have maintained operations or transitioned to AI by selling off Bitcoin, exacerbating the price pressure since the beginning of the year. Analysts believe that the exit of high-cost miners has stabilized, and they maintain a "positive" outlook for the overall cryptocurrency market in 2026.

Gate officially launches Gate Booster to promote the construction of an incentive ecosystem

The cryptocurrency asset trading platform Gate has officially launched a new promoter task and incentive platform called Gate Booster. This platform is aimed at KOLs in the crypto industry, content creators, community builders, and various promotional partners. Through a standardized task mechanism and a transparent incentive system, it connects high-quality promotional resources with Gate ecosystem projects, driving user growth and long-term community development.It is reported that Gate Booster is positioned as a collaboration and task platform for promoters, supporting various types of tasks such as invitations, recommendations, and content dissemination. Promoters can obtain corresponding incentives through compliant original content output and user guidance, achieving a dual enhancement of influence and revenue. The platform includes posting tasks related to official events, new coin listings, and product features, as well as recommendation tasks that guide new users to register and complete specified actions through exclusive links or invitation codes. Rewards will be based on actual data statistics and settled according to the rules.From a long-term perspective, Gate Booster will provide promoters with priority participation opportunities in platform-level projects and will continuously invest in incentive budgets to ensure transparency in mechanisms and stability in settlements, further assisting individual and institutional promoters in enhancing their influence and commercial value in the Web3 field.

Bitcoin miners enter the "surrender phase": production costs inverted, both hash rate and stock prices under pressure

Bitcoin mining has entered a severe phase, with unit hash rate revenue dropping to a historical low of about $35/PH. Affected by a significant market correction, the price of Bitcoin has fallen over 50% from its 2025 peak of $126,000, currently hovering around the $60,000 range. Against this backdrop, the average production cost of a single Bitcoin across the network is approximately $87,000, about 45% higher than the current market price, marking the first large-scale "underwater operation" since the bear market of 2022.CryptoQuant defines the current phase as the "surrender phase," characterized by the accelerated shutdown of old mining machines and a noticeable contraction in overall network hash rate. As a result, the stock prices of listed mining companies such as MARA Holdings and Riot Platforms have dropped over 20% this week, with funds flowing towards more stable traditional assets like gold.Meanwhile, North America's mining hubs (especially Texas) are facing severe winter storms, forcing some mining farms to limit power usage to ensure the stability of the civilian power grid. Coupled with miner exits, the network experienced a historic difficulty adjustment of about 11% on February 9. However, due to the significant drop in coin prices, the profitability recovery effect from the difficulty adjustment is limited.The industry's "Miner Profitability Sustainability Index" has fallen to 21, indicating that, except for a few operators with low electricity costs and high efficiency, most miners have completely compressed profit margins. For companies with electricity prices above $0.05 per kilowatt-hour or those still using older model mining machines, this difficulty adjustment is unlikely to reverse the risk of total shutdown.To cope with the "2026 mining winter," leading companies are accelerating their transition to artificial intelligence (AI) and high-performance computing (HPC). IREN and Core Scientific have redirected some of their data center power capacity to support generative AI businesses to secure more stable long-term contract revenues. Recently, Bitfarms announced a complete exit from Bitcoin mining to focus on its AI strategic transformation.
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