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>>An expert suggests that the rebound in Bitcoin’s hashrate indicates an upcoming rally.

An expert suggests that the rebound in Bitcoin’s hashrate indicates an upcoming rally.

crypthub

about 6 hours ago

sovereign mining as a catalyst

Weisberger argues that the early‑2026 Bitcoin hashrate rebound signals more than a routine mining‑cycle recovery. He likens it to central‑bank gold buying, which preceded a major gold price breakout years earlier. Sovereign accumulation in gold came before the rally, suggesting a comparable lagging signal for Bitcoin.

Hashrate V‑shape and difficulty jump

The network fell 15‑20% from its peak, then surged from under 900 EH/s to above 1 ZH/s. Difficulty rose nearly 15%, one of the largest absolute increases on record. Weisberger says this is not merely post‑halving normalization but the imprint of sovereign miners entering the market.

State‑linked miners emerging

Research identifies at least 13 nations running government or state‑linked mining, including Bhutan, the UAE, El Salvador, Russia, Iran, and Ethiopia. These actors convert stranded or strategic energy into a portable, seizure‑resistant reserve asset. Their motives are revenue without printing money, enhancing network security, and asserting financial sovereignty.

Market implications

Sovereign miners operate with longer horizons, cheaper capital, and a willingness to hold BTC, reducing sell‑side pressure. Hardware procurement, energy contracts, and policy approvals make hashrate a lagging, not coincident, indicator. Strengthened security and tighter issuance could reshape market dynamics before price appreciation becomes evident.