Over the last four days, Bitcoin’s hashprice has climbed 20.41%, punching into territory not seen since May. Bitcoin miners are pocketing fatter revenue from the latest price rally, delivering a badly needed reprieve after months of tighter margins.
Key Takeaways
Bitcoin hashprice jumped 20.41% in 4 days, lifting miner revenue to $38.29 PH/s.Foundry USA leads 133 mining pools as Bitcoin’s hashrate closes in on 1 ZH/s.Newhedge.io stats show BTC miners have earned $682.69M in August, still chasing July’s $875M haul.The S23 Hydro 3U currently sits at the top of the SHA-256 application-specific integrated circuit (ASIC) market by profitability. Below it is Bitdeer’s Sealminer A4 Ultra Hydro with 886 TH/s in processing power. At the time of writing, using the same $0.10 per kWh costs and today’s hashprice, the Sealminer A4 Ultra Hydro pulls in an estimated $13.75 per day. With lower electricity costs, ASICs across the board, including machines from MicroBT and Canaan, are also turning steady profits.
Difficulty Looks Set to Favor MinersThe next hurdle miners have to clear is difficulty, but that too appears to be breaking in their favor. Block times are running a hair above the 10-minute average at 10 minutes and 5 seconds, and at the current pace, today’s Aug. 22, 2026, difficulty adjustment is projected to drop a percentage point.
Mining Participation RisesBitcoin miners have taken the bear market squarely on the chin since BTC slid from its all-time high just above $126,000 in October 2025. This week’s rally has finally loosened the screws, making conditions considerably cushier for mining participants and SHA-256 profitability. The question is whether it lasts. For now, only time will tell if BTC’s bear market hangover is finally fading, and miners will feel the shift firsthand.
