Since 2020, Hashrate Index has been the go-to-source for #Bitcoin mining analytics, research, and insights. Today, our platform is used by industry leaders to stay informed, so that they can better navigate their businesses in the ever-changing world of mining. → 00:11 -

🤝Luxor and @canaanio partnered to bring financial stability to mining. Using Luxor’s Hashrate Forwards, Canaan secured upfront BTC payouts to plan CapEx, manage treasury, and scale with less risk. 📖 Read the full case study: .

Hashrate Index's Q3 2025 Projection Report is now available for Gold and Platinum members. Happy Hashing! 🟧⛓️⛏️

The full report includes charts for each scenario, including more. Interested to find out? Check out Hashrate Index Premium: .

The following assumptions outline Q3-2025 projected scenarios from Luxor’s supply and demand model:

This model factors in Bitcoin price, transaction fees, and block subsidy on the demand side, and global ASIC hashrate capacity and profitability estimates on the supply side. The interactions of these various supply and demand inputs determine the model’s hashrate and hashprice

The Base Case scenario from Luxor’s supply and demand model for Bitcoin mining economics projects network hashrate to cross the 1ZH/s milestone by December 2025:

Gm, . Catch up on June 2025's monthly lookback this fine morning 🟧⛓️⛏️.

Hello world, . 📸Hashprice is currently at $58.35 per PH/s/Day, up by 0.48% from $58.07 per PH/s/Day since last week. Happy hashing!📷🟧⛓️⛏️

RT @luxor: The data doesn’t lie: forward hashprice Is 80% better than spot FPPS as a forecasting tool.

View the updated map here 👇.📊

Curious to know where Bitcoin’s hashrate lives or how the U.S., China, Russia, or Latin America are trending?.Zoom in by region, explore historical changes, and benchmark hashrate movements over time.

🚨 We’ve just updated the Global Hashrate Heatmap on Hashrate Index!.New data reflects quarterly changes in the geographic distribution of #Bitcoin mining 🌍⚡.🔗

These strategies transform miners from price takers into proactive participants in both power and hashrate markets. Interested in learning more about energy markets for Bitcoin miners? Read the full blog:.

As energy and Bitcoin markets continue to converge, miners are increasingly seeking structures that reduce risk and smooth returns. Fixed-price PPAs provide a strong foundation, but by layering in short call options and fixed pool payouts, miners can go a step further — locking.

By selling hashrate forward at these levels and securing a matching fixed power price, miners can fully hedge their margin for the duration of the contract. For example, a miner that locks in $130/MWh in revenue and pays $60/MWh in power costs is earning a $70/MWh gross margin,

With a fixed-power price and a fixed pool payout rate, the miner effectively converts a volatile mining operation into a real-time energy arbitrage business. Here’s what the numbers look like as of June 2025:

For Bitcoin miners, the hashspark spread represents the difference between energy input costs (typically fixed) and mining revenue per MWh (typically variable), which can now be locked in using Luxor’s fixed pool payouts:.

Miners can take this strategy a step further by pairing the cost-side power hedge (i.e., a PPA) with a revenue-side hashrate forward sale (i.e., a fixed pool payout rate). This approach — referred to as the hashspark spread — is inspired by the natural gas industry’s “spark.

This tradeoff can be beneficial in environments where volatility is expected, but sustained price spikes are unlikely. In other words, the short call premium adds consistent value in low to moderate power price environments, in exchange for limiting the upside on power resale.