Hashrate Index Roundup (February 16, 2026)

Hello world, happy Monday!

TLDR

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

Over the past week, miners collected a total of ~3,165 BTC in block rewards, equivalent to ~$216 million. Transaction fees constituted 0.48% of block rewards totalling 15 BTC, equivalent to ~$1.0 million.

Bitcoin

Bitcoin trended down throughout the past week, decreasing by 1.4% from ~$69,832 to a current price of ~$68,864. Year-to-date (YTD) performance stands at -21.2%.

Hashprice

USD hashprice moved -4.1% from $35.51 per PH/s/Day to a current $34.05 per PH/s/Day.

BTC hashprice moved -0.1% from 0.00050222 BTC per PH/s/Day to 0.00050156 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 — $84 per MWh
• 19-25 J/TH — $65 per MWh
• 25-38 J/TH — $45 per MWh

Hashrate & Difficulty

Network hashrate rose by 5.1%, with the 7-day simple moving average (SMA) moving from 1,003 EH/s to 1,054 EH/s. The 30-day SMA currently stands at 986 EH/s.

The latest difficulty adjustment took place on February 7, changing network difficulty by -11.16% to 125.86T.

Blocks were found at an average time of around 8 minutes 40 seconds over the past 24 hours.

We currently estimate +15.26% for the upcoming adjustment, expected to occur on February 19.

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Transaction Fees

Over the past week, miners collected an average of 0.0150 BTC (per block per day) in transaction fees, compared to the prior week's 0.0261 BTC, a ~42% decrease.

Looking Forward

For this week's Hashrate Forward Market update, the forward market is pricing in an average hashprice of $28.73 or 0.00043 BTC over the next six months.

Bitcoin Mining Stocks

Bitcoin mining stock trends were mixed throughout the past week, reflecting a -7.3% change in our Bitcoin Mining Stock Index.

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

• BTDR: $10.08 (-18.6%) | Mkt Cap: $1.9B
• BITF: $2.14 (+4.4%) | Mkt Cap: $1.3B
• CIFR: $16.42 (+6.7%) | Mkt Cap: $6.5B
• CLSK: $9.85 (+2.4%) | Mkt Cap: $2.5B
• CORZ: $17.84 (+7.7%) | Mkt Cap: $5.5B
• HIVE: $2.21 (-2.6%) | Mkt Cap: $0.6B
• HUT: $53.87 (+1.9%) | Mkt Cap: $5.9B
• IREN: $42.22 (+3.4%) | Mkt Cap: $14.0B
• MARA: $7.92 (+0.9%) | Mkt Cap: $3.0B
• RIOT: $15.22 (+9.5%) | Mkt Cap: $6.2B
• WULF: $16.26 (+7.6%) | Mkt Cap: $6.8B
• FUFU: $2.41 (-9.1%) | Mkt Cap: $0.4B
• CAN: $0.49 (-15.5%) | Mkt Cap: $0.3B
• GREE: $1.27 (+5.0%) | Mkt Cap: $0.02B
• SLNH: $0.88 (-11.1%) | Mkt Cap: $0.1B

Have a great week, and Happy Hashing!

Footnotes

1. As of February 16, 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.