Bitcoin's Unprecedented Rally: +27% in 10 Days, Difficulty Hits 2026 Floor
BTC has seen an unprecedented rally of +27% in just 10 days. This surge is particularly unusual because it's accompanied by a significant increase in difficulty, now sitting at a floor of 2026.
The typical pattern would be for hashrate to decrease following a price rally, but instead, it appears that miners have found a way to adapt and keep their operations running smoothly. The reason behind this lies in the fact that many mining operations moved from Texas to AI (a location likely referring to artificial intelligence or a specific data center) in 2026.
This shift in strategy means that miners are not simply unplugging their operations when prices fluctuate, as would be expected if they had signed contracts for a fixed period. The implication is that revenue has increased, and competition among mining operations remains low.