With bitcoin climbing to levels not seen since early February, the network’s raw processing power surged to a record 929 exahash per second (EH/s), a dynamic figure that shows how fiercely miners are competing to add the next block.

Bitcoin hash rate reaches new high as miners ride the price wave

Miners power up: Bitcoin network reaches record 929 EH/s

Bitcoin’s hash rate rose by about 3 EH/s, surpassing the peak of 926 EH/s recorded on Tuesday, April 8, 2025, showing a steady upward trend rather than a sharp change in a single day. On Friday, May 9, 2025, the statistics briefly touched 929 EH/s , and then stabilized at 924.78 EH/s around 10 am Eastern Time, showing that machines around the world are running almost non-stop.

Bitcoin hash rate reaches new high as miners ride on price swings

Bitcoin hash rate seven-day simple moving average (SMA) on May 9, 2025, according to hashrateindex.com.

As the rise in Bitcoin prices increases revenue, miners are seeing profit margins thicken, reversing the contraction that preceded this surge. The hash price — the spot valuation of 1 petahash per second (PH/s) of computing power per day — jumped 37.83%, from $40.04 to $55.18 per petahash in just a few weeks.

They also got a respite on May 3, when the mining difficulty dropped by 3.34%, cutting the raw effort required to discover a block. Since that recalibration, blocks have been produced at a brisk rate of every 9 minutes and 33 seconds, faster than the 10-minute target — a pace that could lead to another difficulty increase on May 17, 2025. Of course, hash power rises and falls, so the final adjustment in the coming week remains uncertain.

If recent increases in computing power and miner revenues are any indication, the arms race to protect Bitcoin may be entering a new phase of capital allocation and hardware optimization. The upcoming difficulty turn will test whether operators can maintain their current momentum, or whether the network’s higher standards will prompt a new round of innovation, consolidation, and operational discipline among competing pools around the world.

By AI Translator | Original Link