Bitcoin Hash Rate Rebounds to 935EH/s Average

Bitcoin (BTC) network hash rate has halted its recent decline and recovered to around 900EH/s. The 30-day average hash rate also surpassed the 60-day average, indicating a rebound in mining computational power from recent lows. Block Media reported on November 18 that Bitcoin's true hash rate had adjusted since late 2025 until this year's first half but recently rebounded, though it has not yet reached last year's peak levels.

As of November 11, according to Crypto Exponential data, Bitcoin's 30-day average hash rate stood at 935.4EH/s, compared to a 60-day average of 917.4EH/s, with the short-term average exceeding the medium-term by 18EH/s. This suggests that the downward trend has eased, though it does not confirm all miners have restarted equipment.

True hash rate had been declining since late 2025 until this year's first half before stabilizing at a recent low and rebounding to around 900EH/s. However, the gap from previous peaks remains. Hash rate represents the computational power deployed by mining equipment to find Bitcoin blocks; an increase may indicate more equipment returning to the network or higher efficiency in newer hardware.

The mining difficulty also aligned with this recovery trend. On September 5, the Bitcoin network adjusted its mining difficulty upward by 1.31% to 127.45T, with estimated hash rate at approximately 912EH/s at that time. Mining difficulty adjusts roughly every 2016 blocks to maintain a consistent block creation speed.

Bitcoin's recent recovery from a sharp price drop has been cited as a factor easing mining profitability pressures. Improved profitability could allow for the reactivation of previously shut-down equipment. However, hash rate increases cannot be definitively interpreted as a leading indicator of Bitcoin price rises, as there is also a reverse relationship where price increases can improve mining profitability and lead to more equipment being brought back online.

CW8800, an on-chain analyst, stated: "Bitcoin hash rate has ended its downward trend and is showing gradual growth. Increased miner activity could positively impact Bitcoin prices." The timing of whether hash rate recovery preceded or followed price increases remains uncertain, as historical data shows both scenarios—hash rate growth coinciding with Bitcoin strength and price rises driving increased mining activity.

Mining capacity is influenced by electricity costs, equipment efficiency, Bitcoin prices, and network difficulty. Even within similar price ranges, miners with higher electricity costs or older equipment may struggle to restart operations. Mining involves performing computational work for block rewards and transaction fees; more equipment increases total hash rate but does not automatically increase individual miner profitability.

Earlier reports noted that since the October 2025 peak, Bitcoin's hash rate has failed to reach new highs, with mining companies' power and land assets tied up in AI and high-performance computing contracts potentially slowing equipment recovery. This recent rebound is a key indicator of whether network computational capacity is recovering on a short-term basis despite these constraints.

Whether this hash rate recovery continues will be determined by the next mining difficulty adjustment and trends in 30-day and 60-day averages. Current data alone does not confirm Bitcoin price direction or improved profitability for mining companies.