CryptoQuant CEO Calls Rising Bitcoin Hashrate ‘Indirect Bullish Signal’ from Institutions
CryptoQuant says the rebound reflects institutional backing for public miners as several operators add capacity and Bitcoin mining difficulty rises 5.92%.
- Bitcoin's seven-day average hashrate has recovered above 1,000 exahashes per second , marking its highest level since March 3, according to BlocksBridge Consulting's latest Miner Weekly newsletter.
- While major publicly traded miners shifted capacity toward artificial intelligence, other operators replaced lost computing power, intensifying competition among remaining network participants.
- On Tuesday, Nasdaq-listed NIP Group announced an asset purchase agreement for about 4.47 EH/s of mining hardware, expected to increase the miner's total capacity to 13.85 EH/s.
- CryptoQuant founder and CEO Ki Young Ju called the rising hashrate an "indirect bullish signal" on Thursday, writing that higher computing power reflects stronger security and institutional investment.
- Shares of TeraWulf, Core Scientific, Cipher Mining, and IREN lost about 12% on Wednesday as the broader market suffered its sharpest selloff since July, pressuring infrastructure companies.
14 Articles
14 Articles
CryptoQuant CEO Calls Rising Bitcoin Hashrate ‘Indirect Bullish Signal’ from Institutions
CryptoQuant’s CEO called the rising Bitcoin hashrate an “indirect bullish signal” from institutional investors, showing that public miners backed by TradFi giants are coming back online.
The miner pivot to artificial intelligence fails to reduce Bitcoin network difficulty - The Cryptocurrency Post
Corporate migration toward advanced high-performance data centers promised to grant operational relief across the decentralized protocol. However, computational pressure keeps breaking records as hashrate shrugs off the unplugging after rebounding past one zettahash per second, sustaining a competitive baseline that shatters all expectations of an algorithmic reprieve. Prevailing assumptions held that redirecting wholesale power capacity […]
CryptoQuant CEO Highlights Rising Bitcoin Hashrate Signaling Institutional Confidence in Miners
TL;DR Bitcoin’s hashrate has increased by approximately 45% since July, rising from 726 EH/s to around 1,050 EH/s. CryptoQuant CEO Ki Young Ju considers the increase in computing power an indirect bullish signal of institutional support for Bitcoin miners. NIP Group announced the acquisition of mining equipment with 4.47 EH/s of capacity, although shares of ...
Bitcoin hashrate returned to the brand of 1 zettahash per second (1 ZH/s) this week Source: Bitcoin hashrate high trend is an indirect sign of institutional investor optimism, says analyst See more news about Bitcoin. Follow Livecoins on Facebook, Twitter, Instagram and YouTube.
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