Bitcoin’s hash rate reached over 1,000 EH/s on January 2, 2025, highlighting an important milestone in the cryptocurrency’s journey since its launch 16 years ago. This increase was noted despite the halving in 2024, when rewards dropped.
Companies like Marathon Digital Holdings have expanded mining operations significantly, reporting up to a 15% increase in their hash rate. This growth has played a crucial role in the overall rise of Bitcoin’s computational power on the network.
The increase in Bitcoin’s hash rate has sparked discussions about its environmental impact due to higher energy consumption. Meanwhile, analysts suggest that this growth indicates positive signals for Bitcoin’s price stability, currently at 97,720 USD.