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Bitcoin Network Hashrate Reaches Record High

Bitcoin Network Hashrate Reaches Record High

Bitcoin’s network hashrate has surpassed 1.2 trillion, setting a new record and indicating heightened miner activity despite a drop in difficulty.

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Fact Check
Multiple credible sources confirm that the Bitcoin hashrate has repeatedly set new all-time highs. The most recent evidence, from 'The Block' dated September 11, 2024, explicitly states the network reached a 'record seven-day moving average hash rate' in early September 2024. Other sources corroborate this trend, citing record highs in previous years like 2021 and 2022, demonstrating a consistent pattern of growth.
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