Update
Bitcoin Hashrate Recovers to 1 Zettahash per Second Level
Bitcoin's hashrate has regained 1 zettahash per second (1,000 EH/s) over the past week, reaching its highest level since March 3. This recovery is notable given the public companies' declining mining capacity. Bitcoin's mining difficulty increased by 5.92% on October 16, indicating another estimated 5.16% increase in the next seven days. The recovery is attributed to the replacement capacity from other sources, including Bitdeer, which saw its self-mining capacity grow to 82.3 EH/s from 79.9 EH/s in August, and its co-mining business grew to 28.7 EH/s from 21.6 EH/s.