The Bitcoin network hashrate reached 915 EH/s on September 8, 2026, following a recovery from 853 EH/s recorded the previous day. This movement marks the third time in recent weeks that the hashrate has rebounded after dipping to approximately 850 EH/s.
Despite the recent increase, the network remains roughly 20% below its all-time high of approximately 1.15 ZH/s, which was last reached in October 2025. The network has stayed below this peak for over 300 days, representing the longest such period in about a decade.
The mining sector faced a significant disruption in early 2026, when winter storms in the US caused a 20% hashrate crash and increased electricity costs. These elevated energy prices continue to impact mining hubs, as miners now compete for power with infrastructure projects for large language models.
The Bitcoin difficulty adjustment mechanism, which recalibrates every two weeks, responded to the early 2026 crash with a major downward adjustment. This allowed remaining miners to secure a larger portion of block rewards. Currently, metrics show improvement in hashprice as hashrate stabilizes.
