On-chain data shows the Bitcoin miners have pushed their Hashrate to a new all-time high (ATH) despite the plunge in the asset’s price.

7-Day Average Bitcoin Hashrate Has Shot Up Recently

The “ Hashrate ” is a Bitcoin indicator that keeps track of the total amount of computing power that the miners have connected to the network for the purpose of mining. This metric is measured in terms of hashes per second (H/s), or the more practical exahashes per second (EH/s).

When the value of the indicator rises, it means new miners are joining the blockchain and/or old ones are expanding their facilities. Such a trend implies the miners are finding the network to be profitable.

On the other hand, the metric going down suggests some miners are disconnecting their machines from the blockchain, p

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