Bitcoin Hashrate Hits Record 746 EH/s in September 2024, Setting New Milestone

Bitcoin’s hashrate reached an unprecedented 746 exahashes per second (EH/s) on September 3, 2024, marking a new all-time high for the network. This spike in computational power underscores the growing confidence in Bitcoin’s security and infrastructure, even as prices face short-term volatility.

Despite Bitcoin’s price drop of 10% over the past month, mining companies like Whatsminer and MicroBT have introduced new high-performance rigs to capitalize on the rising hashrate. The hashrate increase signals strong long-term fundamentals for Bitcoin, with more miners joining the network, ensuring greater decentralization and security.

—