Bitcoin Mining Rebounds: Hashrate Surges 30% in a Single Day

The Bitcoin network has experienced a dramatic turnaround – after a steep drop of over 20% in mining power, the network’s hashrate rebounded by more than 30% in just 24 hours, nearly returning to its all-time highs. What’s happening behind the scenes in the world of Bitcoin mining?

🔻 Sudden Drop, Rapid Recovery Just days ago, Bitcoin's total network hashrate dropped to around 660 EH/s, the lowest level since the summer of 2024. This sharp decline coincided with rising geopolitical tensions, particularly U.S. airstrikes on Iran and subsequent retaliation. Some speculated that part of the mining capacity was taken offline as a precautionary move affecting regional data centers. But within a single day, a sharp reversal occurred – the hashrate surged by over 30%, returning to values above 1000 EH/s.

☀️ Heat Waves Disrupt Mining Operations Another explanation comes from the United States, specifically Texas, one of the main Bitcoin mining hubs. Extreme heatwaves hit the region, significantly increasing cooling demands and operational costs. As a result, many mining facilities were temporarily shut down. Such seasonal disruptions aren’t unusual – Bitcoin mining often depends on hydroelectric power, which can be less available during summer, or serves as a balancing mechanism for overburdened power grids. While Iran currently accounts for only 0.12% of the global hashrate, the U.S. leads with over 37%, thanks to corporate-backed mining centers and professional pools.

📉 Lower Difficulty Brings Relief to Miners In June, the Bitcoin network’s mining difficulty dropped by 9%, easing pressure on miners. With the price of Bitcoin above $107,000 and the estimated cost of producing one BTC around $98,000, the potential for profitability is back. The next difficulty adjustment is expected on June 29. Given the recent slower block production, analysts expect a further 7.9% reduction, which would encourage more miners to return online. This trend reflects the strategic nature of modern mining: some pools temporarily shut down if costs outweigh rewards, only to resume when conditions improve.

📊 The New Normal: Larger Data Centers and Coordinated Strategy Bitcoin mining is no longer the domain of solo hobbyists. In 2025, the field is dominated by large-scale professional data centers and coordinated mining pools. The industry has matured, and miners now dynamically adjust their operations based on market conditions, weather, and energy availability.

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