Global #hashrate

Bitcoin miners are showcasing renewed confidence in the cryptocurrency market despite recent challenges. Marathon Digital, a leading Bitcoin mining firm, has significantly increased its Bitcoin reserves, and the network's hashrate has soared to an all-time high.

Bitfarms, a prominent Bitcoin mining company, has announced a notable 34% month-on-month (MoM) increase in earnings for July, attributing the growth to significant upgrades and expansion of its mining operations.

Bitcoin's price has surged past the $67,000 mark, a significant psychological level, while the network's hashrate is closing in on its all-time high. T

Leading Bitcoin mining company, Bitfarms, has announced a significant increase in its Bitcoin production for June, following a comprehensive upgrade to its mining infrastructure.

The Bitcoin mining industry is facing a double whammy: a declining hashrate and a persistently bearish market. The hashrate, a measure of the processing power dedicated to securing the Bitcoin network, has plunged to its lowest level since early March, according to on-chain data.

According to Luxor Technology’s HashRateIndex on May 29, Bitcoin's seven-day hashrate reached an unprecedented 659 exahashes per second (EH/s), marking a notable 13.6% increase from its post-halving low of 580 EH/s.