Bitcoin Hashrate Climbs 45% to 1,050 EH/s as Public Miners Expand Fleet

Bitcoin's computational processing power has rebounded approximately 45% from summer lows, climbing from roughly 726 exahashes per second (EH/s) in July to approximately 1,050 EH/s on Wednesday, according to figures from analytics provider CryptoQuant ¹. Ki Young Ju, founder and chief executive officer of CryptoQuant, stated on Thursday that the expansion functions as an indirect institutional endorsement of the network's foundational security and reserve value characteristics, largely because traditional finance entities actively back publicly listed miners ¹. At the time of writing, $BTC traded at $81,737, down 2.5% over the prior 24 hours, remaining below the network's record hashrate peak of 1,305 EH/s established in October 2025 ¹.

Miner Fleet Expansions Confront Equities Slump

Publicly traded operators have pushed network capacity higher despite broader equity headwinds. Nasdaq-listed NIP Group announced a third tranche asset purchase agreement on Tuesday to acquire roughly 4.47 EH/s of active, on-rack mining rigs ¹. Once finalized, the transaction will scale the company's cumulative hashrate across all three procurement phases to 13.85 EH/s, up from its existing operational deployment of 3.11 EH/s ¹. The firm currently places 16th among publicly traded mining enterprises by operating capacity, trailing market leader Bitdeer, which operates 79.9 EH/s according to Ziven data ¹.

Operational capacity additions arrived alongside widespread declines across public mining equities. NIP Group shares dropped 6.8% on Wednesday to close at $6.10, extending an 86% annual deficit ¹. Competitors experienced concurrent downward pressure as higher-than-projected inflation metrics prompted a broader US equities retreat on Wednesday, sending share prices down by approximately 12% across TeraWulf, Core Scientific, Cipher Mining, and IREN ¹.