TheEnergyMag|Sep 01, 2026 14:10
NEW: The biggest public #Bitcoin miner unplug was hiding in incomplete Q2 data. Now the final numbers are in.
→ CANG: 44.8 → 15.4 EH/s
→ IREN: 43.4 → 21.6 EH/s
Together, they shed 51.4 EH/s of realized hashrate in the first half of 2026.
The completed data also makes the industrywide retreat steeper than we initially estimated.
Excluding BTDR, the cohort’s realized hashrate fell 23.3% from Q4'25 to Q2'26, compared with a 10.6% decline for the Bitcoin network.
These public miners contracted more than twice as fast as the network.(TheEnergyMag)
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