F2Pool attributes the recent network power drop to stricter mining policies in Xinjiang, with CloverPool recording multiple significant dips earlier this year.
Bitcoin’s network hashrate has fallen to 997 EH/s, according to F2Pool, potentially linked to tighter mining regulations in Xinjiang. CloverPool reported more than eight occurrences of the hashrate dropping below 870 EH/s in 2025, with the current level now at 933 EH/s, signaling sustained fluctuations in mining activity.