Hashrate Index Roundup (August 18, 2025)

Hello world, happy Monday!

TLDR

A mixed bag for this week's update: Bitcoin is down, hashrate is up, difficulty is unchanged, fees are down; hashprice is down.

Over the past week, miners collected a total of ~3,276 BTC in block rewards, equivalent to ~$390 million. Transaction fees constituted 0.81% of block rewards totalling 26 BTC, equivalent to ~$3.15 million.

Bitcoin

Bitcoin trended down throughout the past week, decreasing by 4.23% from ~121,747 to a current price of ~$116,534. Year-to-date performance stands at +24.75%.

Hashprice

USD hashprice decreased by 4.22% from $58.94 per PH/s/Day to a current $56.45 per PH/s/Day.

BTC hashprice decreased by 0.36% from 0.00049006 BTC per PH/s/Day to 0.00048828 BTC per PH/s/Day.

Hashrate & Difficulty

Network hashrate rose by 4.21%, with the 7-day simple moving average (SMA) moving from 927EH/s to 966EH/s. The 30-day SMA currently stands at 936 EH/s.

The latest difficulty adjustment took place on August 8, increasing network difficulty by 1.42% to 129.44T.

Blocks were found at an average time of around 10 minutes 0 seconds over the past 24 hours.

We currently estimate a decrease of ~0.13% for the upcoming adjustment, expected to occur on August 22.

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Transaction Fees

Over the past week, miners collected an average of 0.0239 BTC (per block per day) in transaction fees, compared to the prior week's 0.0332 BTC, a 28% decrease.

Looking Forward

For this week's Hashrate Forward Market update, the forward market is pricing in an average hashprice of $54.29 or 0.00046 BTC over the next six months.

Bitcoin Mining Stocks

Bitcoin mining stock trends were up throughout the past week, reflecting a 1.55% increase in our Bitcoin Mining Stock Index.

5-day changes to Bitcoin mining stocks as of last week's market close:

• BTDR: $13.39 (+4.45%) | Mkt Cap: $2.77B
• BITF: $1.26 (+0.00%) | Mkt Cap: $0.76B
• CIFR: $5.21 (+5.68%) | Mkt Cap: $2.41B
• CLSK: $9.75 (-3.85%) | Mkt Cap: $2.81B
• CORZ: $14.13 (-1.12%) | Mkt Cap: $4.43B
• HIVE: $2.22 (+3.74%) | Mkt Cap: $0.53B
• HUT: $23.32 (+18.38%) | Mkt Cap: $2.51B
• IREN: $19.69 (+3.25%) | Mkt Cap: $4.68B
• MARA: $15.67 (-1.45%) | Mkt Cap: $5.93B
• RIOT: $11.33 (-1.82%) | Mkt Cap: $4.50B
• WULF: $8.97 (+78.33%) | Mkt Cap: $3.93B
• FUFU: $3.77 (-4.56%) | Mkt Cap: $0.58B
• CAN: $0.77 (+1.32%) | Mkt Cap: $0.37B
• GREE: $1.46 (-4.58%) | Mkt Cap: $0.02B
• SLNH: $0.52 (+13.04%) | Mkt Cap: $0.03B

Have a great week, and Happy Hashing!

Footnotes

1. As of August 18, 2025 UTC 16:00. Values are subject to change.
2. Luxor estimates the adjustment date using average block times and blocks remaining in the epoch. Values are subject to change.
3. Luxor estimates the difficulty adjustment using average block times. Values are subject to change.