Firsthand Bitcoin · Data · Bitcoin miners
Data / Hash ribbons / 2025
The 30- and 60-day averages of network hashrate, with every miner capitulation shaded.
Hashrate, 30-day average opened 2025 at 777.7 EH/s (January 1, 2025) and closed at 1050.7 EH/s (December 31, 2025), up 35.1%. The high was 1110.5 EH/s on November 12, 2025 and the low 777.7 EH/s on January 1, 2025.
| Month | Month end |
|---|---|
| January 2025 | 784.7 EH/s |
| February 2025 | 803.7 EH/s |
| March 2025 | 816.1 EH/s |
| April 2025 | 871.0 EH/s |
| May 2025 | 893.1 EH/s |
| June 2025 | 873.7 EH/s |
| July 2025 | 900.8 EH/s |
| August 2025 | 953.2 EH/s |
| September 2025 | 1024.9 EH/s |
| October 2025 | 1084.7 EH/s |
| November 2025 | 1076.3 EH/s |
| December 2025 | 1050.7 EH/s |
When the 30-day average of hashrate drops below the 60-day, miners are switching machines off faster than new ones arrive — a capitulation, shaded here. The moment the 30-day crosses back above is the classic hash-ribbons buy signal.
Other years: 2026 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2025: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Miner prices per terahash · Bitmain releases and the bitcoin price