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Home Bitcoin News Bitcoin Price Drops, But Miner Confidence Soars as Hashrate Hits All-Time High
Bitcoin Price Drops, But Miner Confidence Soars as Hashrate Hits All-Time High
Pankaj K August 9, 2025
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Bitcoin Price Falls
Bitcoin miners are showing no signs of slowing down, even as the price of BTC remains under pressure. According to recent data, the Bitcoin hashrate—a key measure of mining activity—has surged to a new all-time high (ATH), suggesting that miners are still confident in the long-term future of the network.
The hashrate represents the total amount of computing power miners are using to validate transactions on the Bitcoin blockchain. It is measured in exahashes per second (EH/s), and higher values usually indicate more miners are active or existing ones are upgrading their equipment.
New Hashrate Peak Reached
On August 3, the 7-day average Bitcoin hashrate had dropped to a low of 889 EH/s, coinciding with a decline in BTC’s price to around $112,000. However, within a few days, the metric surged sharply, reaching 952.5 EH/s—surpassing the previous record of 943.6 EH/s set in June.
This increase is surprising given Bitcoin’s recent price struggles. Miners usually scale back operations when prices fall, as lower revenues make it harder to stay profitable. But in this case, miners seem to be doing the opposite—expanding capacity even during a downturn.#ETH
