Bitcoin News Today: Bitcoin Hashrate Surges 12% to Near Record High on Improved Hardware and Favorable Electricity Costs

Bitcoin’s network hashrate has surged to near all-time highs, signaling heightened mining activity as miners approach the June 2025 peak levels. The hashrate, a metric reflecting the total computational power securing the blockchain, reached 250 exahashes per second (EH/s), a figure close to the record high of 255 EH/s observed in June. This uptick suggests increased participation in mining operations, driven by factors such as improved hardware efficiency and favorable electricity costs in key regions. Analysts note that the trend aligns with historical patterns where seasonal demand for mining capacity peaks during the summer months due to lower cooling costs and stable energy supply [1].

As of 10 a.m. Eastern on Sunday, July 27, Bitcoin’s hashrate is cruising at 942.96 EH/s—just over 3 EH/s shy of its record high of 946 EH/s. This elevated level can be chalked up to steadier, more attractive mining profits over the past month. Bitcoin’s hashprice, a metric reflecting the value of computational power, jumped from around $54 per petahash per second (PH/s) on June 27 to a monthly peak near $64 PH/s by July 10. However, the rally was short-lived, followed by a drop and moderate swings between $58 and $62 PH/s. Since mid-July, the hashprice has mostly leveled off, drifting just below $60 PH/s with only slight turbulence. Blocks are now being mined quicker than the standard 10-minute target, averaging 9 minutes and 44 seconds. If this brisk tempo holds steady, a difficulty hike is likely in store for the Aug. 8 retarget [1].

The mining pool Foundry leads the pack in SHA256 hashrate production, wielding 247 EH/s of computing power. Antpool trails in second place with 183 EH/s. ViaBTC secures the No. 3 position among bitcoin mining pools, with F2pool in fourth and MARA Pool rounding out the top five. Spiderpool takes sixth, followed closely by Secpool in seventh. Luxor grabs the eighth slot, while Binance Pool comes in at No. 9, and Braiins Pool completes the top ten. As leading pools jockey for dominance, efficiency gains and strategic scaling may define who thrives in the tightening race to secure Bitcoin’s next blocks. The top three pools have long held their grip on dominance, backed by massive exahash power that gives them a strategic edge [1].

Bitcoin’s price remaining above $85,000 in recent weeks has restored profitability for many miners who had scaled back activities during earlier price declines. This renewed activity has pushed the network’s security metrics to new heights, with the hashrate now representing a 12% increase compared to the previous peak in February 2025. A blockchain analyst with a major institutional research firm noted that the hashrate is a lagging indicator, but its current trajectory reflects sustained miner confidence. The analyst added that the network’s energy efficiency has also improved, with newer mining rigs consuming less power per hash compared to older models [1].

While the hashrate surge is largely viewed as a positive sign, some experts caution that rapid growth could lead to short-term volatility. A sharp increase in mining power can result in more frequent block times, potentially disrupting transaction confirmations until the network adjusts its difficulty algorithm. However, the last difficulty adjustment in mid-July 2025 was expected to mitigate these effects by recalibrating mining rewards to match the elevated hashrate [1].

Sources: [1] [Bitcoin's Hashrate Brushes All-Time High as Miners Close in on June Peak] [https://news.bitcoin.com/bitcoins-hashrate-brushes-all-time-high-as-miners-close-in-on-june-peak/]