Global Bitcoin hashrate fell to approximately 1,004 EH/s in Q2 2026, marking a 5.8% decrease from Q1, according to a Hashrate Index report. This decline is attributed to Bitcoin's price dropping about 50% from its 2025 peak and mining revenues hitting historic lows, forcing some older mining rigs offline. The hashrate remains highly concentrated, with the United States, Russia, and China collectively accounting for about 65% of the total. Emerging markets like Kyrgyzstan and Paraguay are experiencing growth in hashrate due to low-cost energy and new equipment. The primary driver of current hashrate changes is profitability rather than policy or energy factors.