Bitcoin Hashrate Back in Uptrend as Miners Run at Full Capacity
Bitcoin's network computing power has fully recovered from a mid-year decline and is now rising again, reaching 1,000 EH/s as of October 22, 2026.
The network's True Hashrate has climbed back to 1,000 EH/s, approaching the highs seen in late 2025.
This rebound is driven by miners running at full capacity, a shift from the venture capital era to a phase dominated by large corporate capital.
Mining Difficulty Hits Record High
The surge in computing power has triggered a record increase in mining difficulty, which reached 140.58 T as of October 22, 2026.
The October 16 recalculation alone showed a 5.92% jump, one of the largest increases of the year.
Another adjustment is expected at the end of October, potentially raising the bar by 4–6%.
Institutional Dominance and Profitability
Companies listed on US exchanges now control 35% to 40% of the global hashrate, with their stability backed by direct investments from traditional financial institutions.
Mining profitability is now highly selective, requiring operators to use flagship ASIC miners with an energy efficiency of 9–12 J/TH and access to electricity below $0.08–$0.10/kWh.
Less efficient equipment on expensive power is being disconnected from the network.
"Bitcoin hashrate is back in an uptrend, with miners running at full capacity," notes CryptoQuant founder Ki Young Ju.
Next Steps and Market Outlook
The industry is cushioned by firm contracts with institutional investors and the partial integration of data center infrastructure for artificial intelligence.
With Bitcoin trading between $80,000 and $83,000 and a hashprice of about $37/PH per day, the balance of power will persist only if current price levels are maintained.
A deep market correction would test the strength of even institutional capital.
Major players have a temporary window for expansion until the next halving in April 2028.
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