According to Mihir (@RhythmicAnalyst), as of June 2025, Bitcoin mining is experiencing significant centralization, with a few major mining pools and companies controlling the majority of the network’s hashrate. Notably, Foundry USA, a U.S.-based mining pool, accounts for approximately 34.8% of the total hashrate. This concentration of mining power raises concerns for traders about the resilience and security of the Bitcoin (BTC) network, as it could potentially impact transaction validation times, network governance, and susceptibility to coordinated attacks. Traders should closely monitor the distribution of hashrate among mining pools, as shifts may influence BTC price volatility and overall market sentiment. Source: Mihir (@RhythmicAnalyst) on Twitter, June 11, 2025.