Listed bitcoin mining companies tracked in the report saw their combined realized hashrate fall from 368.3 EH/s in the fourth quarter of 2025 to 319.0 EH/s in the second quarter of 2026, a decline of 13.4% over six months, according to Bitcoin.com News as cited by Odaily. Over the same period, the Bitcoin network’s quarterly average hashrate dropped 10.6%. Excluding Bitdeer, the decline among the relevant miners widened to 21.2%.
The figures also show a growing revenue split inside the sector. Core Scientific reported $136.7 million in hosting revenue in the second quarter, roughly five times its $27.5 million in bitcoin mining revenue, with hosting making up 83% of quarterly revenue. TeraWulf posted $31.9 million in HPC leasing revenue, accounting for 71% of total revenue and exceeding its $12.8 million in bitcoin mining revenue.
Bitdeer moved in the opposite direction on hashrate, with realized hashrate up 44% from the fourth quarter of 2025 to 63.0 EH/s. In June, its self-mining and joint-mining hashrate stood at 73 EH/s and 15.9 EH/s, and it produced 990 BTC that month, up 388% year over year. Cango, by contrast, fell from 44.8 EH/s to an estimated 16.5 EH/s over the same six-month period.
Listed bitcoin mining companies included in the data set saw combined realized hashrate fall from 368.3 EH/s in the fourth quarter of 2025 to 319.0 EH/s in the second quarter of 2026, a six-month decline of 13.4%, according to Bitcoin.com News as cited by Odaily. During the same period, the Bitcoin network’s quarterly average hashrate fell 10.6%.
When Bitdeer is excluded, the drop among the relevant public miners reaches 21.2%.
Hosting and HPC revenue took a larger share
Digital infrastructure company Core Scientific reported $136.7 million in hosting revenue for the second quarter. That was about five times its $27.5 million in bitcoin mining revenue and accounted for 83% of quarterly revenue.
TeraWulf reported $31.9 million in HPC leasing revenue, equal to 71% of total revenue. That figure was higher than its $12.8 million in bitcoin mining revenue.
Bitdeer expanded while Cango contracted
Bitdeer’s realized hashrate rose 44% from the fourth quarter of 2025 to 63.0 EH/s. In June, its self-mining hashrate was 73 EH/s and its joint-mining hashrate was 15.9 EH/s. The company produced 990 BTC that month, up 388% year over year.
Cango moved in the opposite direction. Its realized hashrate fell from 44.8 EH/s in the fourth quarter of 2025 to an estimated 16.5 EH/s in the second quarter of 2026, a decline of 63% over six months.
Keel Infrastructure exited U.S. bitcoin mining
Keel Infrastructure has completed the full retirement of its U.S. bitcoin mining business and is shifting to data center construction. Its mining business in Canada is still being carried out in phases.
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