Bitcoin Breaks Out: Hashrate Continues to Climb, Mining Market Rebounds
Bitcoin Hashrate Hits New High of 934 EH/s, Signaling Growing Network Power
With Bitcoin hovering around the $67,000 mark, the global computing power protecting the network has hit a new milestone. According to the latest data from Hashrate Index, Bitcoin’s seven-day average hashrate hit 934 exahashes per second (EH/s) on Monday morning, May 5, 2025 – the highest ever recorded in the history of the leading blockchain.
This is a clear sign that miners are rushing to reinvest heavily in equipment and infrastructure, capitalizing on BTC’s price rally to maximize profits. This surpasses the record of 929 EH/s set just a few days ago, reflecting a steady climb rather than a sudden surge.
Hashprice Rebounds: Mining Profitability Returns
In tandem with the hashrate surge, the hashprice metric – the revenue per petahash of computing power generated per day – is also showing signs of an impressive recovery. From a low of around \$39, the hashprice value now stands at \$56.12 as of May 5, up nearly 44% in just three weeks.
The surge has given miners a breather after months of being held back by stagnant BTC prices, high energy costs, and a steady increase in mining difficulty. Returning to profitability means the ability to reinvest in new generation machines, helping to keep global mining pools and farms competitive.
Difficulty Adjustment: A Turning Point Ahead
After a 3.1% difficulty adjustment on May 1 – the first in over three months – blocks are now being found every 9 minutes and 28 seconds on average. If this trend continues, the difficulty could increase again during the next adjustment on May 15, marking a new challenge for inefficient or old miners.
Observers believe that if the hashprice remains high and the BTC price remains stable or increases slightly, a new wave of "hardware armament" will appear. Large mining companies such as Marathon, Riot or Bitmain may step up to upgrade their systems, while smaller farms will be pressured to consolidate or withdraw.
Conclusion: A strong transition phase for the mining industry
With the parallel increase in hashrate and hashprice, the Bitcoin mining ecosystem is entering a new exciting cycle. The big question ahead is whether this growth is sustainable, or will be disrupted by the next difficulty adjustment and external factors such as energy prices or global policy changes.
One thing is for sure: the next block race will be more competitive and fierce than ever.