#BitcoinHashRateSurge Bitcoin's seven-days moving average (7DMA) hash rate surpassed 700 EH/s for the first time, marking a 13% increase since April's halving, when the total number of Bitcoin produced per day was cut in half to 450 BTC.

Hash rate refers to the total combined computational power used to mine and process transactions on a proof-of-work Blockchain, such as Bitcoin.