According to Luxor's hashrateindex.com data, Bitcoin hashrate is currently hovering at 660 EH/s, just 17 EH/s below the peak of 677 EH/s recorded on July 25, 2024.

Analysis says that despite the recent 4.19% reduction in mining difficulty, current forecasts suggest that difficulty reductions may become history. On August 28, Bitcoin mining difficulty is expected to increase by 4% or more, which could push it to an all-time high of 90.67 T.