Despite a price increase, Bitcoin's hashrate is declining as miners grapple with profitability challenges in early 2026. According to reports, network hashrate is slipping from late-2025 highs due to power costs. While JPMorgan estimated Bitcoin's monthly average network hashrate rose 5% in October to 1,082 EH/s, November saw a slight pullback. Luxor reported a decrease in hashprice, putting pressure on miners. The market's volatility persists due to compressed miner profitability, with many operators near the breakeven point. Difficulty hit an all-time high, further impacting miners' revenue.

Despite a price increase, Bitcoin's hashrate is declining as miners grapple with profitability challenges in early 2026. According to reports, network hashrate is slipping from late-2025 highs due to power costs. While JPMorgan estimated Bitcoin's monthly average network hashrate rose 5% in October to 1,082 EH/s, November saw a slight pullback. Luxor reported a decrease in hashprice, putting pressure on miners. The market's volatility persists due to compressed miner profitability, with many operators near the breakeven point. Difficulty hit an all-time high, further impacting miners' revenue.