US Leads Mining Share as Global #Bitcoin Hashrate Falls 5.8% Quarter-on-Quarter.
The Bitcoin network hashrate declined 5.8% to 1,004 EH/s in Q2 2026, signaling weakening mining activity and sector-wide financial stress.
A sharp price collapse in Bitcoin from ~$126K to ~$65K has severely reduced mining revenues.
Miner profitability has deteriorated to record lows, with hashprice falling to about $27.89 per PH/s/day.
High-cost mining rigs (with efficiency above ~25 J/TH) are becoming unprofitable, forcing large-scale hardware shutdowns and capacity exits.
Around 252 EH/s of computing power is estimated to be offline, reflecting widespread miner retreat and consolidation.
#Crypto