Bitcoin

<p>The Bitcoin mining landscape is witnessing a spectacular turn of events. Hash price has soared to $125k per Exahash, the highest value since July 2021 and back to pre-2020 <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/">halving</a> levels, reports Lead On-chain Analyst Glassnode. Over the past week, the Bitcoin <a href="https://ultramining.com/news/en/bitcoins-rebound-above-30k-boosts-hashprice-a-4-leap-in-24-hours/">hashprice</a> has surged by 40%, marking a significant month-over-month increase of 45%. The three-month outlook is even more impressive, with a 108% rise, and a year-over-year analysis shows an astonishing 111% jump, according to <a href="https://twitter.com/hashrateindex/status/1736546225044771216">Hashrate Index</a>.</p> 
<p>This meteoric rise in <a href="https://ultramining.com/news/en/bitcoins-rebound-above-30k-boosts-hashprice-a-4-leap-in-24-hours/">hashprice</a>, which measures the daily revenue per terahash per second (TH/s), reflects a broader trend in the Bitcoin network's increasing strength and profitability for miners. The implications of this uptick are multifaceted. For one, it underscores the resilience of the Bitcoin network, as a higher hashrate signifies greater security and robustness against attacks. It also paints a picture of potential growth and investment in mining infrastructure, suggesting that miners are bullish on the future of Bitcoin and are ramping up their operations.</p>

Bitcoin Hashrate Surges, Miners’ Profitability Soars

Ultramining_Eng

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