Bitcoin mining record! 🎉 According to Glassnode data, Bitcoin’s 7-day moving average hash rate has exceeded 703 EH/s. This is the first time the network’s hash rate has exceeded 700 EH/s. 🚀

The top 12 mining companies accounted for 28.9% of the total hash rate in September. However, weaker miners face challenges. Those with lower energy costs and strong balance sheets have an advantage. 📉