Bitcoin Hashprice Soars Above $38 as Price Rally Boosts Mining Revenues

Bitcoin's hashprice has bounced back to around $39.06 per PH/s/day, an increase of more than 43% from its June low near $27. This recovery comes as Bitcoin's price moves toward $80,000 and network difficulty eases.

The August 22 difficulty adjustment reduced the mining threshold by 1.31%, with difficulty falling from 127.48 trillion to 125.81 trillion. This decline erased the prior epoch's 0.99% increase and was Bitcoin's tenth downward adjustment of 2026, against seven increases.

Lower difficulty increases bitcoin production per unit of active hashrate, assuming price, fees, and operating costs remain unchanged. The latest move is modest, making Bitcoin's price rally the main driver of the hashprice recovery.