Key data: According to mempool.space, Mining Squared reported a hashrate of 16.97 EH/s, accounting for 2.08% of the Bitcoin network after joining Nubit’s Bitcoin Thunderbolt. The pool now ranks 8th globally in total hashrate contribution.
The Technical Leap Behind the Hashrate Surge
On March 27, Nubit officially counted Mining Squared as a test partner in Bitcoin Thunderbolt after a series of difficult decisions. Mining Squared’s hash rate then climbed from 800 terahashes per second (TH/s) to 16.97 exahashes (EH/s), manifesting one of the most pivoting features of Bitcoin Thunderbolt, which is qualified as the most remarkable innovation in the Bitcoin world over the past ten years.
Nubit developed Bitcoin Thunderbolt to optimize coordination across high-performance Bitcoin environments, including mining and trustless settlement. By enabling distributed systems to operate using shared execution logic with reduced latency, Bitcoin Thunderbolt redesigns a batch of core pillars to support multi-party coordination using UTXO bundling, enabling collaborative scaling without requiring formal integration between operators.
Thunderbolt’s Vision for Smaller Pools
Bitcoin Thunderbolt plans to serve more retailer-centric small pools like Mining Squared in the near future. It is an unstoppable network designed to feature anything lifting Bitcoin assets and execution scaling on the Bitcoin network. This means smaller pools can now compete effectively with larger incumbents by leveraging the same shared execution logic.
Mining Squared’s Strategic Role
Mining Squared is a newly launched, purpose-built mining pool designed to support the ongoing evolution of the Bitcoin mining ecosystem, from raw hashrate competition to intelligent, capital-efficient strategies. As the Bitcoin economy matures, miners are shifting from “HODL and hope” to more dynamic financial planning. Mining Squared enables this transition by offering access to yield-generating tools. Looking ahead, the team will continue to expand its product offering, working with ecosystem partners to integrate services like cloud mining and on-chain lending.
The rapid adoption of Bitcoin Thunderbolt by a rising pool like Mining Squared signals a new era for Bitcoin mining infrastructure, where collaboration and shared execution logic can dramatically lower barriers for smaller participants while boosting overall network resilience.