Iran’s Bitcoin hashrate plunges 77% QoQ to about 2 EH/s

Iran’s Bitcoin hashrate collapsed in Q2. The network stayed stable.

Iran’s share fell 77% QoQ to ~2 EH/s. Hashrate Index reports a ~7 EH/s drop.

The US, Russia and China hold 65%+ of hashrate. The report points to concentration.

Regional tensions hit Iran. Strikes and retaliation disrupted sites. BBC tracks the conflict timeline.

The UAE and Oman stayed steady. No spillover seen. Source confirms stability.

Global hashrate hovered near 1,000 EH/s. Network operations saw no strain. Hashrate Index shows resilience.

Miners keep reallocating capacity. Power flows to cheaper energy. Old rigs switch off.

Key numbers
- 427,000 active rigs in Iran source
- 252 EH/s of marginal capacity offline source
- Older units above 25 J/TH unprofitable source
- 30D SMA fell 5.8% QoQ to ~1,004 EH/s from 1,066 EH/s source

Price pressure led the slowdown. Not energy or regulation. The report links it to lower BTC prices.

Bottom line. Redistribution, not collapse. Iran took the hit. The network absorbed it.