Bitcoin Network Hashrate Expected to Reach Historic Milestone by July

According to Odaily, a recent report by Coinshares indicates that the Bitcoin network's hashrate is projected to surpass the historic threshold of 1 Zettahash per second (ZH/s) as early as July this year, significantly ahead of previous forecasts. This milestone underscores the robust growth momentum and resilience of the Bitcoin mining network. The report anticipates that the Bitcoin hashrate will exceed 1.28 ZH/s by the end of 2025 and could reach 2.0 ZH/s by early 2027. Despite a slight rebound in the price of hashrate, a key indicator of miner profitability, it is expected to enter a long-term structural decline. The report forecasts that by the next Bitcoin halving cycle in 2028, the price of hashrate will fluctuate between $35 and $50 per PH/day, with a drop below $40 anticipated in the first quarter of 2026. This trend reflects the dual pressures of improved mining machine efficiency and increased industry competition.