Bitcoin hashrate rebounds from triple bottom at 850M TH/s

Bitcoin’s hashrate just did something technical analysts love to see: it bounced off the same level three times and lived to tell the tale. The network’s total computational power climbed to 915 EH/s on September 8, recovering sharply from 853 EH/s recorded just one day earlier. That 853 EH/s reading marked the third time in recent weeks that Bitcoin’s hashrate dipped to roughly 850 EH/s before snapping back upward. A long way from the top Bitcoin’s hashrate peaked at approximately 1.15 ZH/s back in October 2025. The network hasn’t touched that level in over 300 days, the longest such stretch below a prior peak in roughly a decade. Even after the rebound to 915 EH/s, the network is still operating about 20% below its all-time high. What’s been dragging miners down The most dramatic disruption was a roughly 20% crash in early 2026, triggered by severe winter storms across the US that knocked mining operations offline and sent electricity prices surging in key regions. Electricity costs have remained elevated in many mining hubs even after the storms passed. Higher energy prices squeeze margins directly, and miners running older, less efficient hardware are the first to capitulate. T...