Bitcoin’s hashrate bounced back to over 1,000 EH/s after hitting a six-month low of approximately 660 EH/s. The decline in hashrate was attributed to U.S. Military actions and heatwave-induced shutdowns of mining facilities.
The recovery in hashrate coincided with a price rally, with Bitcoin briefly crossing 108,000 USD before settling around 107,000 USD. This volatility reflects heightened spot demand and risky derivative trading.
Iran’s contribution to the global hashrate remains negligible at 0.12%, despite its active mining status. In contrast, U.S. Miners dominate the space, controlling over 37% of the total hashrate.
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