Bitcoin's True Hashrate has settled at 1,000 EH/s, according to CryptoQuant data. Mining difficulty has hit a record, and US-listed miners control a large share of the network's computing power. Profitability still depends on efficient hardware and cheap electricity.
The Bitcoin network's computing power has recovered the decline of the first half of the year and returned to an uptrend. As of October 22, 2026, CryptoQuant data show the True Hashrate at 1,000 EH/s (1 ZH/s), approaching the highs of late 2025.
According to CryptoQuant founder Ki Young Ju: "Bitcoin hashrate is back in an uptrend, with miners running at full capacity". He says the current cycle marks mining's shift from the venture sector to a heavy industry controlled by large corporate capital.
Mining difficulty reaches a record 140.58 T
The rise in computing power pushed mining difficulty to a historical high of 140.58 T. The October 16 recalculation, up 5.92%, was one of the largest in 2026. The next adjustment at the end of October is expected to add another 4–6%.
Companies trading on US exchanges now control 35% to 40% of the global hashrate, and the source says direct investments from traditional financial institutions support their operations.
Margins favor efficient miners
With BTC in the range of $80,000–$83,000 and a hashprice of about $37/PH per day, mining is profitable only for operators with flagship ASIC miners rated at 9–12 J/TH and electricity below $0.08–$0.10/kWh. Less efficient equipment on expensive power gets disconnected from the network.
Large mining pools now depend less on short-term swings in the spot price, the source says. Firm contracts with institutional investors and partial integration of data center infrastructure for artificial intelligence have created a stable safety cushion for the industry.
Ju calls the trend an indirect bullish signal from institutional investors. More than a year and a half remains until the next halving in April 2028, which gives major players a temporary window for expansion.
This balance holds only if current price levels hold. In a deep market correction, the pressure on margins would test even institutional capital.
Source: U.Today
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