Bitcoin hashprice jumps 20% to $38.29 as BTC rally lifts miners

Bitcoin's hashprice climbed 20.4% in four days to $38.29 per petahash, the highest since May, as a BTC rally eased months of compressed miner margins.

Bitcoin's hashprice rose 20.4% to $38.29 per petahash per second on Aug. 22, the highest since May, as a BTC rally lifted miner revenue. The gauge, which measures how much income a miner earns per unit of computing power, climbed from $31.80 per PH/s on Aug. 18.

Data from newhedge.io shows miners collected $682.69 million from block subsidies and transaction fees through Aug. 22, with $5.14 million coming from fees. The network's total hashrate climbed to about 922 exahash per second, nearing 1 zettahash, with 133 pools dedicating computing power. Foundry USA led with 214.73 EH/s, followed by Antpool at 156.17 EH/s and F2pool at 110.62 EH/s.

The next difficulty adjustment, due Aug. 22, is projected to drop about 1 percent as block times run at 10 minutes 5 seconds. The reprieve follows months of tight margins since BTC slid from its all-time high above $126,000 in October 2025.

Miner economics turn profitable

At current hashprice, a Bitmain Antminer S23 Hydro 3U producing 1.16 PH/s generates an estimated $17.86 in daily profit at $0.10 per kilowatt-hour, topping the SHA-256 application-specific integrated circuit market. Bitdeer's Sealminer A4 Ultra Hydro, at 886 TH/s, pulls in about $13.75 per day. Machines from MicroBT and Canaan also turn steady profits at lower electricity costs.

August still trails July

Despite the surge, August's $682.69 million haul trails July's $875 million total, though miners have a week left to close the gap. The question is whether the rally holds — a sustained BTC price would keep hashprice elevated, while a pullback would recompress margins and push less efficient machines back toward breakeven.

This article is for informational purposes only and does not constitute investment advice.