Hashrate Index Roundup (January 05, 2026)

Hello world, happy Monday!

TLDR

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

Over the past week, miners collected a total of ~3,170 BTC in block rewards, equivalent to ~$284 million. Transaction fees constituted 0.62% of block rewards totalling 20 BTC, equivalent to ~$1.4 million.

Bitcoin

Bitcoin trended up throughout the past week, increasing by 7.9% from ~$87,222 to a current price of ~$94,143. Year-to-date (YTD) performance stands at +7.7%.

Hashprice

USD hashprice increased by 7.8% from $37.19 per PH/s/Day to a current $40.08 per PH/s/Day.

BTC hashprice remained flat, moving from 0.00042649 BTC per PH/s/Day to 0.00042679 BTC per PH/s/Day.

Based on fleetwide efficiency, bitcoin mining operations are currently earning the following SHA-256 compute revenues per watt-hour:

• Under 19 J/TH fleets — $97 per MWh
• 19-25 J/TH — $75 per MWh
• 25-38 J/TH — $51 per MWh

Hashrate & Difficulty

Network hashrate decreased by 4.1%, with the 7-day simple moving average (SMA) moving from 1,099 EH/s to 1,054 EH/s. The 30-day SMA currently stands at 1,073 EH/s.

The latest difficulty adjustment took place on December 24, changing network difficulty by +0.04% to 148.26T.

Blocks were found at an average time of around 10 minutes 06 seconds over the past 24 hours.

We currently estimate a decrease of ~0.81% for the upcoming adjustment, expected to occur on January 8.

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Transaction Fees

Over the past week, miners collected an average of 0.0197 BTC (per block per day) in transaction fees, compared to the prior week's 0.0160 BTC, a ~22% increase.

Looking Forward

For this week's Hashrate Forward Market update, the forward market is pricing in an average hashprice of $38.46 or 0.00041 BTC over the next six months.

Bitcoin Mining Stocks

Bitcoin mining stock trends were down throughout the past week, reflecting a -6.8% change in our Bitcoin Mining Stock Index.

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

• BTDR: $11.55 (+7.8%) | Mkt Cap: $2.3B
• BITF: $2.60 (+6.6%) | Mkt Cap: $1.7B
• CIFR: $16.20 (+9.5%) | Mkt Cap: $7.2B
• CLSK: $11.55 (+7.9%) | Mkt Cap: $3.1B
• CORZ: $15.99 (+6.0%) | Mkt Cap: $5.2B
• HIVE: $2.73 (+0.4%) | Mkt Cap: $0.7B
• HUT: $51.27 (+5.2%) | Mkt Cap: $6.4B
• IREN: $42.70 (+8.4%) | Mkt Cap: $13.9B
• MARA: $9.91 (+4.6%) | Mkt Cap: $4.0B
• RIOT: $14.16 (+7.6%) | Mkt Cap: $5.5B
• WULF: $12.74 (+10.4%) | Mkt Cap: $5.7B
• FUFU: $2.80 (+12.0%) | Mkt Cap: $0.5B
• CAN: $0.77 (+1.3%) | Mkt Cap: $0.6B
• GREE: $1.64 (+8.6%) | Mkt Cap: $0.03B
• SLNH: $1.41 (+2.9%) | Mkt Cap: $0.2B

Have a great week, and Happy Hashing!

Footnotes

1. As of January 05, 2026 UTC 21:00. 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.