Bitcoin Hashrate Remains Concentrated As US, Russia, And China Hold 65% Share
A new report highlights the continued concentration of Bitcoin mining power, with the United States, Russia, and China collectively controlling 65% of the global hashrate. The U.S. leads with a 37.4% share, followed by Russia at 16.9% and China at 12%. This centralization poses risks, as local disruptions or policy changes can significantly impact the entire network.
The global Bitcoin hashrate has declined from 1,083 EH/s in October 2025 to 953 EH/s, influenced by both Bitcoin's price drop since Q4 2025 and a strategic shift among major mining firms toward the more profitable AI datacenter business. While the U.S. saw a minor decline in its share, countries like Kyrgyzstan and Paraguay experienced small gains.
Despite these shifts, mining power remains highly concentrated. The report underscores the vulnerability of the network to regional events, citing examples such as China's 2021 mining ban and a U.S. snowstorm that previously led to substantial hashrate reductions. Meanwhile, Bitcoin's price has retreated to around $67,900 after a brief recovery.
bitcoinist04/08 09:31
