#BitcoinHashRateSurge

increase is attributed to several factors:

• Advances in mining technology: The development of more efficient ASIC miners has boosted computing output while reducing energy consumption. 

• Increased adoption of renewable energy: The use of sustainable energy sources has made mining more profitable and environmentally friendly. 

• Post-halving incentives: Following Bitcoin’s halving event in April 2024, which reduced block rewards, miners have adapted their operations to maintain profitability.