--- title: "Bitcoin Hashrate Climbs 45% to 1,050 EH/s as Public Miners Expand Fleet" description: "Compute power has rebounded from July lows to reach 1,050 EH/s, bolstered by institutional backing and fleet acquisitions like NIP Group's 4.47 EH/s purchase." url: https://basisdesk.news/news/bitcoin-hashrate-rebound-cryptoquant-nip-group published: 2026-10-22T14:02:45.687Z modified: 2026-10-22T14:02:45.687Z section: Mining & Infrastructure author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [BTC] tags: [Bitcoin mining, hashrate, CryptoQuant, NIP Group, public miners] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Bitcoin Hashrate Climbs 45% to 1,050 EH/s as Public Miners Expand Fleet Compute power has rebounded from July lows to reach 1,050 EH/s, bolstered by institutional backing and fleet acquisitions like NIP Group's 4.47 EH/s purchase. ## At a glance - **What happened:** Bitcoin network hashrate reached approximately 1,050 EH/s on Wednesday, rising roughly 45% from July lows alongside public miner capacity expansions. - **Why it matters:** The sustained increase reflects ongoing capital allocation to network security by publicly listed operators despite recent declines in mining company share prices. - **Who is affected:** Public Bitcoin mining companies, institutional mining backers, and Bitcoin network participants. - **What's next:** Closing of NIP Group's 4.47 EH/s hardware transaction to integrate newly acquired machines into active production. - **Primary source:** [CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions](https://cointelegraph.com/markets/cryptoquant-rising-bitcoin-hashrate-indirect-bullish-signal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com ## Key points - Bitcoin hashrate climbed roughly 45% from July lows of 726 EH/s to approximately 1,050 EH/s on Wednesday, according to CryptoQuant data. - NIP Group entered an agreement to acquire 4.47 EH/s of deployed mining hardware, targeting a total operational capacity of 13.85 EH/s. - Shares of TeraWulf, Core Scientific, Cipher Mining, and IREN dropped about 12% on Wednesday amid wider inflation-led market selloffs. ## Editorial remark - **Context:** Mining capacity retreated toward 726 EH/s in July 2026 before recovering, though global hashrate remains below its all-time peak of 1,305 EH/s logged in October 2025. - **Impact:** Publicly traded miners face compressed equity valuations and share price drops of roughly 12% amid inflation headwinds, even as operational compute deployments rise. - **Watch:** Closing of NIP Group's third tranche purchase to verify whether operational capacity reaches the targeted 13.85 EH/s threshold. 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]. ## Sources 1. [CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions](https://cointelegraph.com/markets/cryptoquant-rising-bitcoin-hashrate-indirect-bullish-signal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com, 2026-10-22 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai