In Q2 2026, global Bitcoin mining hash rate declined by 5.8%, dropping to 1004 EH/s, putting pressure on miner profitability. Although the United States still accounts for 37.4% of the hash rate, emerging markets such as Kyrgyzstan are growing rapidly, while hash rate in Iran and Argentina is falling. The mining industry faces adjustments, with high-cost mining rigs retiring alongside market expansion.

According to Gate News, in Q2 2026, global Bitcoin mining hash rate decreased quarter-over-quarter by 5.8%, falling to 1004 EH/s, indicating significant financial pressure on the mining sector. Bitcoin’s price fell from $126,000 in October 2025 to $65,000 in February 2026, directly weakening miners’ profitability. The hashprice dropped to $27.89 per PH/s per day; equipment with efficiency below 25 J/TH has become difficult to sustain operations. Approximately 252 EH/s of hash rate is offline, and some may be permanently retired.

Despite the overall decline in hash rate, the United States still leads with 37.4% of global Bitcoin hash rate, equivalent to about 375 EH/s. Russia ranks second at 16.9%, and China is at 12%, but after the 2025 Xinjiang compliance actions, about 13% of mining farms shut down. These three countries together account for nearly 65% of the global hash rate, showing that network concentration remains high.

Meanwhile, some emerging markets are growing quickly. Kyrgyzstan grew by 300% year over year, Paraguay increased by 54% annually, and both Laos and Finland doubled their hash rates. Ethiopia also accounts for 2.5% of the global hash rate, indicating the importance of policy support and natural resources in mining deployment. By contrast, Iran’s hash rate declined by about 7 EH/s, while Argentina fell by 42%. Macroeconomic and geopolitical factors still affect development in some regions.

The Bitcoin network continues to self-adjust. In early April 2026, difficulty rose by nearly 4% after having dropped by about 8% earlier, reflecting the mining protocol’s ability to adapt to changes in hash rate. Overall, current hash rate fluctuations are mainly driven by price cycles, and the sustainability of the mining industry still highly depends on market conditions and hardware efficiency. The coexistence of high-cost rig retirement and rapid expansion in emerging markets shows that the global Bitcoin mining landscape is undergoing a profound adjustment. #Gate广场四月发帖挑战