Hash rate

Bitcoin

2026-09-26 10:26:35

JPMorgan says Bitcoin briefly moved above production cost after 280 days below it

JPMorgan said in a Sept. 23 report that Bitcoin briefly climbed above the bank’s estimated average production cost of about $85,000 this week, ending a 280-day stretch below that level. The period was longer than the roughly 224 days seen in 2018, according to the report. Bitcoin later slipped back to around $84,000. The report, covered by The Block on Sept. 24, said production cost has historically acted as a soft floor for Bitcoin prices because miners with higher electricity and hardware costs can be pushed into losses when the market trades below that threshold for an extended period. JPMorgan wrote that if the new setup holds, it could give miners some relief and reduce the risk of forced selling. The bank also said miners have been coping by moving machines to cheaper power regions, selling older rigs, idling equipment, and retiring less efficient hardware. It estimated network hash rate was about 19% below its October peak and mining difficulty about 15% lower. JPMorgan added that some miners are redirecting power capacity to AI workloads, where revenue is seen as more predictable and more profitable per MW than Bitcoin mining.

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Bitcoin

2026-09-20 09:39:05

Apollo guidance computer would need about 13 million times the age of the universe to mine one Bitcoin block

Odaily, citing Bitcoin.com News, reported that the Apollo Guidance Computer was programmed in 2019 to run Bitcoin mining code, with each double SHA-256 hash taking 10.3 seconds. The machine, originally used for navigation and engine control during the Apollo missions, had roughly 4KB of memory. A team led by computer scientist Ken Shirriff verified the program against already-mined block 286,819, though the test did not produce any Bitcoin. At the time, when Bitcoin network hash rate was about 65 EH/s, the device was estimated to need around a million times the age of the universe on average to find a block. After the Sept. 5 difficulty adjustment, Bitcoin network hash rate stood at 934 EH/s and mining difficulty rose to 127.45 trillion, about 14 times higher than in 2019. Based on those figures, the Apollo Guidance Computer would now need roughly 13 million times the age of the universe on average to mine a single block.

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CoinShares

2026-09-15 13:56:30

CoinShares says Bitcoin miners’ shift to AI may be hard to reverse even if core BTC economics recover

Crypto asset manager CoinShares said the migration of Bitcoin miners toward AI has reached a stage that may be difficult to reverse, even if the native Bitcoin mining business sees a recovery. According to the firm, at least 35 EH/s of hash rate is already planned to leave publicly listed mining companies. CoinShares specifically said that IREN, a listed Bitcoin miner, plans to exit by the end of the year, while Cipher could follow by the end of 2027. The comment points to a continued reallocation of mining-related infrastructure away from traditional Bitcoin-focused operations and toward AI-oriented use cases, based on CoinShares’ assessment.

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Bitcoin

2026-09-14 15:31:55

Braiins Solo Miner Finds Bitcoin Block 966351 and Takes Full 3.147 BTC Reward

A solo miner on Braiins Solo found Bitcoin block 966351 and received the full 3.147 BTC block reward, worth about $244,900, according to monitoring cited by Bitcoin News. The update points to a rare case of independent block production at a time when mining power remains concentrated among the largest pools. The same data shows that the top five mining pools currently control 78.31% of total hash rate. It also notes that the previous solo block was found on Aug. 2 and came from Solo CKPool. The latest block discovery highlights that while solo wins still happen, they remain uncommon compared with the share held by major mining pools.

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Bitcoin

2026-08-28 04:38:36

Twenty One Capital CEO says Bitcoin is in its first-ever hash-rate bear market

Raphael Zagury, chief executive of Twenty One Capital (NYSE: XXI), said at the Bitcoin Asia 2026 conference in Hong Kong that Bitcoin is going through what he described as the first "hash-rate bear market" in its history. According to Zagury, the network’s total hash rate climbed to nearly 1.3 ZH/s at the end of last year and has continued to decline since then, marking the longest stretch on record in which hash rate failed to reclaim a prior peak. Zagury argued that mining company failures in previous cycles were driven more by their own capital structures and cost structures than by Bitcoin’s price or hash-price levels. In his view, a hash-rate downturn can benefit miners that remain in the market because their share of the network rises naturally as weaker participants exit. He also said that almost all publicly listed mining companies are leaving the sector. With Bitcoin trading at what he called compressed levels and the hash-rate setup turning more favorable, Zagury said large-scale mining is now in an advantageous position.

870

Bitdeer

2026-08-26 11:14:11

Bitdeer mined 1,190 BTC in July as AI hosting pipeline expanded

Bitdeer said in its July 2026 production and operations update that it mined 1,190 BTC during the month, up 322% from a year earlier. The company reported about 76.7 EH/s of self-mining hash rate, 5.0 EH/s of other proprietary hash rate, and 18.7 EH/s tied to joint mining through third-party data center operations, bringing total proprietary hash rate to 81.7 EH/s. As of the end of July, it held 257 BTC, excluding customer deposits. On the AI side, Bitdeer disclosed a 16-year hosting lease valued at $4.7 billion with a Volta subsidiary for an AI/HPC data center at the Tydal site in Norway. If a one-time eight-year extension option is exercised, the total contract value could reach $8 billion. The company said 121 IT MW at the site will be fully equipped with NVIDIA GPUs for a leading AI lab, with a PUE of about 1.1 and 100% renewable energy use. It also said about $1.3 billion in letters of credit support is expected to be arranged by affiliates of two international financial institutions, subject to customary conditions.

1000

Mara

2026-08-25 14:31:56

Mara reports 70.3 EH/s energized hash rate and 2,422 BTC output in Q2

Bitcoin News said in a post on X that Mara’s energized hash rate rose 22% year over year to 70.3 EH/s. The post also said the company produced 2,422 BTC in the second quarter, up from 2,247 BTC in the first quarter. At the same time, daily hash cost increased 4% to $27.7. The figures point to higher quarterly bitcoin production alongside a rise in operating cost per hash, based on the numbers cited in the X post. No additional details were provided in the source text beyond the operating and production metrics.

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Bitcoin

2026-08-23 07:16:21

Bitcoin Puell Multiple Climbs to 0.96, the Highest Level in Nearly 3 Months

Bitcoin’s Puell Multiple rose to 0.96 on Aug. 22, up 0.2 from a week earlier and marking its highest level in nearly three months. The metric tracks changes in Bitcoin’s daily issuance value versus its 365-day moving average and is often used to gauge miner revenue and market cycles. At the same time, miner holdings stood at about 1.1919 million BTC, down 46 BTC from a week earlier, while the 7-day moving average hash rate reached about 905 EH/s, up roughly 10.14 EH/s over the same period. The figures were cited by Digital Asset.

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