According to Wu Blockchain, Hashrate Index released a report stating that the impact of crude oil price fluctuations on Bitcoin mining economics is limited. Currently, only about 6%–10% of the global hashrate is located in regions where electricity prices are highly correlated with oil prices (mainly Gulf countries like the UAE and Oman). The remaining 90% of the hashrate operates on grids primarily powered by hydropower, coal, or natural gas, which are less affected by oil price changes. The report highlights that the real risk of rising oil prices for miners lies in the macroeconomic environment potentially driving down Bitcoin prices, thereby reducing miner revenue (hashprice). In February 2026, the USD hashprice hit a historic low of $27.89/PH/s/day, primarily driven by a 23.8% drop in BTC prices. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58127