Bitcoin’s hashrate reached 1000 exahashes

-

On January 3, the Bitcoin network’s hashrate surged to a staggering 1,000 exahashes per second.

Just a year ago, we were sitting at around 510 EH/s, so this jump is almost double the previous level.

Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀

The progress is unstoppable

Now, you might be wondering why miners are still ramping up production despite the halving event in April that slashed mining rewards from 6.25 BTC to 3.125 BTC per block.

bitcoin
Source: CoinWarz

Well, it seems that miners like Riot Platforms and CleanSpark have managed to navigate these challenges quite well, as these companies have been acquiring other miners with ready-to-go facilities to boost their near-term hashrate and power supply.

Reserve asset

These firms are also focusing on stocking up on Bitcoin itself. In December, JPMorgan raised price targets for several Bitcoin mining stocks, taking into account their valuable electrical assets and Bitcoin holdings.

MicroStrategy was trading at about 2.4 times the value of its BTC treasury as of December 10.

Speaking of treasuries, let’s take a quick look at some of the big players! Marathon holds around $4.4 billion in BTC, Riot has about $1.7 billion, and CleanSpark is sitting on roughly $910 million worth of Bitcoin.

Source: BitcoinTreasuries.NET

Hashpower is the key

The rising hashrate is quite important as institutional investors are stepping into Bitcoin ETFs and other regulated crypto investments like it’s Black Friday at a tech store!

In November alone, Bitcoin ETFs surpassed $100 billion in net assets for the first time ever, and according to Sygnum, an asset manager, this trend is expected to pick up speed in 2025 as major players like sovereign wealth funds and pension funds start adding Bitcoin to their portfolios.

Martin Burgherr from Sygnum highlighted that with clearer regulatory guidelines in the U.S., 2025 could see a significant uptick in institutional interest in crypto assets.

Have you read it yet? Illegal crypto ads keep popping up in the UK


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Government’s Bitcoin moves spark volatility

Listen up, the crypto community is abuzz once again, and this time it's all about the U.S. government making some big moves with Bitcoin. They've...

If you wanna mining Bitcoin at home, Canaan’s new Avalon Q Brings the noise (or lack of it)

The world of Bitcoin mining just got a little quieter. But this is a good news. Canaan has rolled out a new gadget that promises...

France’s $27M crypto bet made some noise in the industry

France has just thrown its hat into the crypto ring, big time. Bpifrance, the country’s state-backed investment bank, is launching a €25 million, or roughly...

Trump really did swap the Declaration of Independence for the Bitcoin whitepaper?

That viral video of Donald Trump unveiling the Bitcoin whitepaper in the Oval Office? Fake. Completely fabricated. In the clip, Trump dramatically replaces the Declaration...

Most Popular

Guest posts