- Bitcoin hashrate rebounds to 915 EH/s after a third defense of the 850 EH/s zone.
- Improving hashprice could ease miner stress and reduce forced Bitcoin selling pressure.
- Sustained hashrate growth may signal stabilization, but does not confirm a BTC rally.
Bitcoin’s hashrate has rebounded after repeatedly finding support near 850 million TH/s, or 850 EH/s, raising questions about whether miner capitulation is beginning to ease. Network computing power rose to 915 EH/s on September 8 after falling to 853 EH/s one day earlier.
The move marked the third recovery from roughly the same area in recent weeks, creating a possible triple-bottom structure as miners continue battling high electricity costs, weak profitability and growing competition from artificial intelligence infrastructure.
Bitcoin Hashrate Remains 20% Below Peak Despite Recent Recovery
Bitcoin’s remains below its October 2025 peak of about 1.15 ZH/s despite the latest recovery. The network has now spent more than 300 days below that record, leaving current computing power roughly 20% beneath the previous high.
Mining conditions deteriorated in early 2026 when severe U.S. winter storms disrupted operations and pushed electricity prices higher. Hashrate fell about 20% during the disruption.
Power costs remained high in several mining regions after the storms. Meanwhile, AI and high-performance computing operators increased competition for electricity, prompting some Bitcoin miners to redirect infrastructure toward those businesses.
Strengthening Economics Could Reduce Miner Pressure
Bitcoin’s difficulty adjustment mechanism helped offset weaker mining conditions. As hashrate declined, the network reduced mining difficulty, making it easier for remaining miners to earn rewards. This allowed active miners to capture a larger share of block rewards using the same equipment, partially offsetting the drop in network activity.
That adjustment has started to reflect in miner economics. Hashprice has shown signs of recovery, with some estimates near $40 per PH per day, up more than 22% from previous levels. Growing revenue alongside stable hashrate could reduce the financial pressure that forces miners to shut machines down or sell Bitcoin to cover operating expenses.
What the Hashrate Rebound Means for BTC Investors
For Bitcoin investors, the key question is whether the recent hashrate rebound reflects improving miner conditions. Sustained growth in hashrate alongside rising hashprice would indicate that miners can expand operations without increasing financial stress, reducing the likelihood of forced BTC selling to cover costs.
In contrast, rising hashrate alongside falling hashprice would increase competition for rewards and could renew margin pressure. The latest rebound, therefore, provides an early stabilization signal rather than confirmation of a Bitcoin price rally.
Related: Bitcoin Mining Difficulty Jumps 15% After Winter Storm; What’s Next?
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