Iran's Bitcoin hashrate has experienced a significant decline, dropping by approximately 77% in the first quarter of 2026. According to the latest Hashrate Index report, Iran's hash rate fell by about 7 EH/s, now standing at roughly 2 EH/s. This decline follows increased regional tensions after U.S. and Israeli strikes on Iran in February. Despite the drop in Iran, the global Bitcoin hashrate remains stable at around 1,000 EH/s, with no impact on hash rates in neighboring UAE and Oman. Iran currently operates an estimated 427,000 active Bitcoin mining machines, as noted by Ian Philpot, Marketing Director at Luxor Technology.