Bitcoin’s (BTC) hashrate has risen nearly 10% in recent days, hitting a record high as a result.
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Hashrate measures the computational power used to secure the Bitcoin network through mining. Typically, a higher hashrate signifies greater network security. In the past week, Bitcoin’s hashrate has risen 9% to an all-time high of 833 exahashes per second, according to data from Glassnode.
The latest hashrate increase continues a growth trend that has been ongoing for the past 18 months, driven largely by institutional investment in Bitcoin mining infrastructure. Since Bitcoin underwent a halving event last April, which is when the available supply of the cryptocurrency is cut in half, the hashrate has increased by more than 40%.
Mining Profitability Stagnates
The rise in hashrate has coincided with Bitcoin mining profitability remaining relatively flat or even declining. Miners are earning less from transaction fees, making it harder for them to offset their operational costs.
Bitcoin is back trading near $100,000 as the threat of an escalating trade war between America and its neighbors recedes. In recent days, the price of BTC fell below $95,000 as investors fled risk assets on fears about U.S. tariffs imposed on America’s trading partners. Bitcoin’s price has risen 6% so far in 2025.
Is BTC a Buy?
Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so we’ll look at the cryptocurrency’s three-month performance instead. As one can see in the chart below, the price of BTC has risen 46.35% in the last 12 weeks.
