Bitcoin’s hashrate is climbing back up after several weeks of decline, ending its downward trend according to CryptoQuant data. This increase reflects a redeployment of mining capacity, with operators progressively bringing their machines back online. The context has improved thanks to the rise in Bitcoin’s price, which trades around $85,900, up more than 12% over seven days. This rebound marks a turning point after a difficult period for miners, marked by near capitulation early in the year and increased competition from artificial intelligence for access to energy and chips. It remains to be seen whether this recovery will last, as a prolonged hashrate increase would mechanically trigger a mining difficulty adjustment.
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