Bitcoin Hashrate Sets New All-Time High After Halving Reset
Network security has fully recovered from the post-halving dip, with the seven-day average hashrate pushing past previous records set earlier this year.
Bitcoin's seven-day average hashrate has climbed to a fresh all-time high, according to data from Coinwarz and mempool.space. The recovery follows the temporary hit to miner economics after the April 2024 halving cut the block subsidy to 3.125 BTC.
Publicly listed miners including Marathon, Riot and CleanSpark have continued to expand their fleets with newer generation ASICs from Bitmain and MicroBT, replacing S19 units at scale. The rollout has coincided with a small uptick in the mining difficulty, which resets roughly every two weeks.
The rebound signals that operators expect current fee revenue and price levels to remain profitable enough to justify continued capital expenditure, despite margins that remain thinner than in prior cycles.
