Bitcoin Hashrate Sets October Record as Miner Economics Tighten

Overview

• JPMorgan says the Bitcoin network’s monthly average hashrate rose 5% in October to 1,082 EH/s, with mining difficulty 3% higher than September and roughly 80% above pre-halving levels.
• TeraHash reports the hashrate briefly peaked near 1.13 Zh/s, linked to new capacity in North America alongside growing participation from Kazakhstan and the Middle East.
• Miners earned about $48,000 per EH/s in daily block-reward revenue in October, and JPMorgan notes daily gross profit declined by 4% from September.
• Industry reporting cites rising energy prices, regional power curtailments, and roughly $19 billion in liquidations as key pressures on profitability last month.
• The combined market value of 14 U.S.-listed miners tracked by JPMorgan climbed 25% to $70 billion on HPC and AI announcements, while analysts expect a short-term slowdown in hashrate growth and a minor difficulty decline in November.