With Bitcoin climbing to levels not seen since early February, the network’s raw processing power surged to a record 929 exahash per second (EH/s), a power figure that shows how fiercely miners are competing to add the next block.
Miners Power Up: Bitcoin Network Hits Record 929 EH/s
Bitcoin’s hash rate rose by roughly 3 EH/s, surpassing the previous peak of 926 EH/s recorded on Tuesday, April 8, 2025, showing a steady upward trend rather than a single-day sharp change. The statistic briefly touched 929 EH/s on Friday, May 9, 2025, before settling at 924.78 EH/s around 10 a.m. Eastern Time, showing machines operating almost nonstop around the world.
As gains in Bitcoin prices have increased earnings, miners are seeing profit margins thicken, reversing the contraction that preceded this surge. Hash prices — the spot valuation of 1 petahash per second (PH/s) of computation per day — jumped 37.83%, from $40.04 to $55.18 per petahash in just a few weeks.
They also got a reprieve on May 3, when the mining difficulty dropped by 3.34%, cutting the raw effort required to discover a block. Since that recalibration, blocks have been produced at a brisk rate of every 9 minutes and 33 seconds, faster than the 10-minute target — a pace that could lead to another difficulty hike on May 17, 2025.