Bitcoin's hashrate has surged to a new all-time high, reaching between 979 and 986 EH/s as of August 29, 2025. This increase follows a previous record of 976 EH/s set earlier this month. The rise in computational power is driven by advancements in ASIC technology, with new models like Bitmain's Antminer S23 Hydro 3U and Block's Proto Rig enhancing efficiency. Despite lower miner revenues and transaction fees constituting less than 1% of block rewards, the network's hashrate continues to grow. Miners are preparing for potential challenges from upcoming difficulty adjustments and a historically challenging September for Bitcoin prices. However, improvements in energy efficiency and hashpower are expected to further boost the hashrate in the coming months, potentially improving mining profitability in the fourth quarter.