BITCOIN HASHRATE HITS ALL-TIME HIGH AS PUBLICLY-LISTED MINERS' SHARE OF THE NETWORK PEAKS

Summary from the TLDR Crypto newsletter

Bitcoin's hash rate has reached a new all-time high of 703 EH/s, a 13% increase since the April 2024 halving. Publicly listed mining companies control 28.9% of the total hash rate. With BTC's price appreciation and increased transaction fees from Runes, mining profitability has increased, with the hash price reaching $50 per PH/s. The growing computational power will result in an approximately 4% difficulty increase on October 23.