Iran’s Bitcoin mining hashrate drops 77%, miners’ profits turn negative, reshaping the mining landscape
Iran’s Bitcoin hashrate fell to 2 EH/s in the past quarter, a drop of 77%, mainly due to a sharp decline in the price of Bitcoin that affected mining profitability, rather than the Middle East conflict. Despite being affected by airstrikes, neighboring countries such as the UAE and Oman were not impacted, and global hashrate still remained at about 1,000 EH/s. Even if Iran’s hashrate has collapsed, the security of the overall Bitcoin network has not been threatened.
MarketWhisper·2h ago



