Bitcoin News Today: Bitcoin Hashrate Rebounds to 966 EH/s Near All-Time High

Bitcoin’s network hashrate has surged to 966.08 exahashes per second (EH/s), pushing the network closer to a potential all-time high as of Monday, Aug. 18, 2025 [1]. This figure marks a significant rebound following a brief dip below the 900 EH/s threshold just days prior. The hashrate had previously reached 976 EH/s before retreating, but its current level of 966 EH/s indicates a strong and resilient return in mining activity, just 10 EH/s away from surpassing the previous record [1].

The increase comes despite a recent 7% decline in hashprice, with the value of one petahash per second (PH/s) of mining power per day dropping from $60.61 on Aug. 13 to $56.37 [1]. This suggests that the resurgence in hashrate is not driven by immediate profitability but rather by long-term strategic decisions made by mining operators. Transaction fees, meanwhile, have remained relatively low, contributing less than 1% to block rewards in recent days [1].

The growing computational power has also led to extended block intervals, with the average time between blocks now approaching ten minutes [1]. This trend has implications for the upcoming difficulty adjustment, which is expected to occur on Aug. 22. Based on current conditions, the adjustment is estimated to be around 0.13%, although this could shift as the final retarget date approaches.

The resilience of the Bitcoin network is further underscored by the continued use of the latest application-specific integrated circuit (ASIC) mining rigs, which remain highly efficient in spite of fluctuating market conditions [1]. As the hashrate moves closer to a new peak, the network’s security continues to strengthen, making it increasingly challenging for malicious actors to disrupt the system [1].

While the rebound suggests sustained interest and investment in the network, the broader economic and market environment remains a factor. Bitcoin’s price has held steady around $116,000, but mining revenue has faced downward pressure, highlighting the complex interplay of price, costs, and operational efficiency in the mining sector [1]. Analysts have not provided specific forecasts for future hashrate movements based on the available data, leaving the trajectory open to further developments [1].

The continued growth of the hashrate reinforces Bitcoin’s position as a secure and robust digital asset, with the network demonstrating its ability to adapt and expand despite ongoing macroeconomic uncertainties. As the network inches toward a new record, all eyes will be on how this development influences mining dynamics, transaction processing times, and the broader digital asset landscape.

[1] Source: Hashrate Rebounds to 966 EH/s, Edging Within Striking Distance of a New Peak – News - Mining | CryptoRank.io https://cryptorank.io/news/tag/mining