Global Bitcoin Hashrate Update: Top 10 Mining Countries in July 2026

Bitcoin's global mining industry entered July 2026 under growing pressure as weaker mining economics, ageing equipment and changing energy demand caused part of the network's computing power to go offline.

At the beginning of June 2026, Bitcoin's 30-day average network hashrate stood at approximately 993 exahashes per second. By July 13, the 30-day average had declined to approximately 938 EH/s.

This represents an estimated month-to-month reduction of approximately 5.5%.

Despite the decline, Bitcoin still operates one of the largest distributed computing networks in the world. Hundreds of exahashes of computing power continue to secure the blockchain, confirm transactions and compete for newly issued bitcoin.

The United States remains the largest Bitcoin mining country, while Russia and China continue to hold the second- and third-largest estimated shares. The United Arab Emirates also remains among the world's top five Bitcoin mining locations.

Bitcoin Hashrate at a Glance

The July 13 mining update reported a 30-day network average of 938 EH/s, while the shorter seven-day average had fallen to 879 EH/s. Bitcoin's difficulty was reduced by 5% on July 11, providing some relief to miners that remained online.

What Is Bitcoin Hashrate?

Bitcoin hashrate measures the total computational power miners contribute to the Bitcoin network.

Mining machines repeatedly perform cryptographic calculations as they compete to produce the next valid Bitcoin block. The greater the number of machines and the higher their combined performance, the higher the network hashrate becomes.

Hashrate is commonly measured in:

• TH/s — terahashes per second
• PH/s — petahashes per second
• EH/s — exahashes per second
• ZH/s — zettahashes per second

One exahash equals one quintillion hash calculations every second. One zettahash equals 1,000 exahashes per second.

A higher hashrate generally indicates more computing power is protecting the network. However, a rising hashrate also increases competition among miners, because more machines are competing for the same block subsidy and transaction fees.

Top 10 Bitcoin Mining Countries in July 2026

The latest Q3 2026 geographical estimates place the following countries among the largest contributors to the Bitcoin network. These estimates are based on mining-pool information, ASIC trading flows, firmware adoption and industry data rather than direct GPS-level tracking of every mining machine.

The latest Hashrate Index estimate places the United States at approximately 345 EH/s, Russia at 162 EH/s and China at 115 EH/s. Paraguay is estimated at about 44 EH/s, while the UAE contributes approximately 28 EH/s.

June and July 2026 Country Comparison

Bitcoin does not publish an official monthly country-by-country mining report. Therefore, the comparison below applies the latest Q3 2026 country shares to the June and July global 30-day averages.

It should be treated as a market estimate, not as a direct measurement of the machines operating in each country.

The table does not mean every country lost exactly 5.5% of its physical mining capacity. It shows what each country's estimated contribution would be when the latest market shares are applied consistently to the two global monthly averages.

Actual country-level movements can differ because miners may shut down, relocate, upgrade machines or add new capacity at different speeds.

1. United States

The United States remains the largest Bitcoin mining market, representing an estimated 36.7% of global hashrate.

Its estimated contribution for July is approximately 344 EH/s, leaving it comfortably ahead of every other country.

The American mining industry benefits from:

• Large and sophisticated electricity markets
• Access to institutional investment
• Developed data-centre infrastructure
• Flexible power-purchasing arrangements
• Demand-response and curtailment programmes
• Large-scale availability of land and energy

However, the United States also recorded the largest estimated quarterly decline in absolute hashrate. Hashrate Index estimated that US capacity fell from roughly 375 EH/s to 345 EH/s between the Q2 and Q3 measurements.

This does not necessarily mean that all of the affected facilities closed permanently.

Some mining companies may temporarily curtail operations when electricity prices rise. Other operators are replacing older ASIC equipment or evaluating whether part of their power infrastructure can be used for artificial intelligence and high-performance computing.

Even after this reduction, the United States continues to control more than one-third of worldwide Bitcoin mining power.

2. Russia

Russia is estimated to contribute approximately 17.2% of global Bitcoin hashrate, equivalent to around 161 EH/s based on the July network average.

Russia benefits from substantial natural resources, industrial power availability and colder regions that can reduce the energy required for cooling.

Siberia and other northern areas are naturally attractive for data-intensive operations because mining equipment produces significant heat throughout the year.

Russia's estimated hashrate declined from approximately 170 EH/s in Q2 to around 162 EH/s in Q3. Despite this reduction, the country increased its estimated global market share because the worldwide network also contracted.

This demonstrates an important point: a country can lose some physical hashrate while still increasing its percentage share if competing regions contract more quickly.

3. China

China remains the third-largest Bitcoin mining country, with an estimated 12.2% global share and approximately 114 EH/s of July hashrate.

Mining activity continues despite the restrictions introduced by Chinese authorities in 2021.

China retains several structural advantages:

• Proximity to major ASIC manufacturers
• Extensive electrical infrastructure
• Experienced mining technicians
• Seasonal hydropower availability
• Long-established mining supply chains

The country's estimated hashrate fell from approximately 120 EH/s in Q2 to 115 EH/s in Q3. Hashrate Index also reported that Chinese hashrate was approximately 8% lower year over year.

Because some Chinese mining operations are not publicly disclosed, estimates for the country carry a higher level of uncertainty than estimates for transparent, publicly operated facilities.

4. Paraguay

Paraguay has become one of the strongest-performing Bitcoin mining markets in the world.

Its estimated share increased to 4.7%, representing approximately 44 EH/s.

Unlike most major mining countries, Paraguay recorded a small quarterly increase. Its estimated hashrate moved from around 43 EH/s to 44 EH/s, while its year-over-year hashrate increased by approximately 26%.

The country's primary advantage is access to substantial hydroelectric generation, particularly electricity associated with the Itaipu Dam.

Large amounts of power, comparatively attractive energy economics and growing professional mining infrastructure have helped Paraguay become Latin America's leading Bitcoin mining jurisdiction.

Paraguay demonstrates that efficient energy access can be more important to Bitcoin mining than the size of a country's financial or technology sector.

5. United Arab Emirates

The United Arab Emirates remains among the world's five largest Bitcoin mining locations.

The UAE is estimated to represent approximately 3% of global hashrate, equal to around 28 EH/s based on July's network average.

This is a significant position for a country operating in one of the world's hottest climates.

Bitcoin mining machines produce continuous heat and require carefully engineered cooling systems. During the UAE summer, ambient temperatures can exceed the operating range of conventional air-cooled facilities.

Successful UAE mining projects increasingly depend on:

• Hydro-cooling systems
• Immersion-cooling technology
• High-efficiency ASIC miners
• Professionally designed electrical infrastructure
• Continuous equipment monitoring
• Automated temperature and flow control
• Preventive maintenance and repair facilities

The UAE's estimated hashrate declined from approximately 32 EH/s a year earlier to around 28 EH/s in Q3 2026. Nevertheless, it retained fifth place globally.

Its continued position in the global top five reflects the country's access to capital, infrastructure expertise and growing role in digital-asset and high-performance computing development.

For UAE operators, efficiency is especially important. Mining sites must manage electricity, water circulation, cooling performance, dust, heat and equipment uptime as one integrated system.

6. Oman

Oman is estimated to hold approximately 2.8% of global hashrate, representing around 26 EH/s.

The country has grown into a significant Middle Eastern mining centre through large industrial projects, coordinated infrastructure development and access to competitive energy.

Oman's estimated hashrate declined from approximately 30 EH/s in Q2 to 26 EH/s in Q3, a reduction of around 13%.

Even after this decline, Oman remains the sixth-largest estimated Bitcoin mining country.

Together, the UAE and Oman contribute approximately 54 EH/s, giving the two Gulf countries a combined share of around 5.8% of global hashrate.

The Middle East is therefore no longer a minor or experimental Bitcoin mining region. It has developed into an important part of the worldwide mining industry.

7. Canada

Canada is estimated to contribute approximately 2.6% of global Bitcoin hashrate, equal to around 24 EH/s.

The country offers several natural and infrastructure advantages:

• Cold weather
• Significant hydroelectric generation
• Developed telecommunications networks
• Stable industrial infrastructure
• Skilled technical labour

However, electricity allocation and mining policy vary between provinces.

Some areas welcome mining as an industrial energy consumer, while others have introduced restrictions or limited new power connections.

Canada's estimated hashrate declined by approximately 8% quarter over quarter, although it retained seventh position globally.

8. Ethiopia

Ethiopia is estimated to hold approximately 2.4% of global hashrate, representing around 23 EH/s.

It is now the leading recognised Bitcoin mining country in Africa.

Ethiopia's mining expansion has been supported by hydroelectric generation and the opportunity to monetise energy through high-density computing.

Its estimated hashrate increased approximately 35% year over year, even though its latest total remained below an earlier peak of around 27.5 EH/s.

Ethiopia's growth demonstrates how Bitcoin mining can create a buyer for electricity in locations where transmission capacity or export opportunities may be limited.

Long-term growth will depend on:

• Grid stability
• Government policy
• New mining permits
• Transmission capacity
• Access to modern equipment
• Reliable internet connectivity

Ethiopia's entry into the global top 10 is an important milestone for Africa's digital-infrastructure sector.

9. Indonesia

Indonesia holds an estimated 1.8% of the global network, equivalent to approximately 17 EH/s.

Its mining presence reflects the wider movement of hashrate toward Southeast Asia.

Indonesia has access to varied energy resources across its many regions, but grid conditions, electricity pricing and regulatory treatment can differ significantly from one location to another.

The country's estimated hashrate increased approximately 13% year over year, allowing it to maintain a position among the world's 10 largest Bitcoin mining markets.

Indonesia may become more important as miners continue searching for locations with scalable power, suitable industrial sites and competitive operating costs.

10. Norway

Norway entered the top 10 with an estimated 1.7% share, representing approximately 16 EH/s.

Norway did not necessarily enter the ranking because of rapid new growth. Its estimated hashrate remained comparatively stable while Kazakhstan and several other markets contracted.

As a result, Norway moved into tenth position.

Norway offers a cold climate and substantial renewable electricity generation, particularly hydropower. These conditions can support efficient mining operations by reducing cooling requirements and providing comparatively low-carbon electricity.

However, policy attitudes towards new Bitcoin mining projects have become less favourable in some areas, which may limit major future expansion.

Why Did Bitcoin Hashrate Decline in July?

The drop in Bitcoin's global hashrate is unlikely to have been caused by one event. Several economic and operational pressures affected miners at the same time.

1. Lower Hashprice

Hashprice measures the revenue miners can expect to earn from a unit of hashrate.

On July 13, dollar-denominated hashprice was approximately $30.88 per PH/s per day. Hashrate Index noted that this level was at or below the breakeven point for many operators, depending on electricity cost and machine efficiency.

When hashprice falls, older machines are usually the first to become unprofitable.

A modern miner operating below 19 joules per terahash can remain viable under conditions that may force a 30 J/TH or 38 J/TH machine offline.

2. Older Mining Machines Are Becoming Uncompetitive

Bitcoin mining is an efficiency competition.

Two machines may produce similar hashrate, but the machine using less electricity has a much greater chance of remaining profitable during a weak market.

Operators running older ASIC models face pressure from:

• Lower Bitcoin prices
• Rising competition
• Network difficulty
• Electricity tariffs
• Cooling expenses
• Repair and maintenance costs

When mining revenue falls below electricity and operating expenses, miners may temporarily shut down the affected machines.

3. Summer Electricity Demand

June and July are high-demand electricity months in many regions.

Air-conditioning loads increase, electricity prices can rise and grids may ask flexible industrial consumers to reduce power usage.

Bitcoin miners are unusual industrial users because they can reduce their electrical load quickly without damaging a manufacturing process.

A mining facility may switch off part of its fleet during peak grid demand and restart when electricity conditions improve.

This can produce short-term reductions in network hashrate without representing a permanent closure.

4. Cooling Costs Increase During Hot Weather

Mining machines convert most of the electricity they consume into heat.

In hot countries, mining facilities must remove this heat while keeping ASIC chip temperatures, coolant flow and electrical equipment within safe limits.

Air-cooled farms may need more fans and ventilation during summer. Hydro and immersion systems also require properly sized pumps, heat exchangers, cooling towers and control systems.

Poor cooling can result in:

• Thermal throttling
• Reduced hashrate
• Higher hardware-error rates
• Automatic machine shutdowns
• Damaged hashboards
• Lower equipment lifespan

For this reason, cooling performance directly influences effective hashrate.

5. Mining Capacity Is Moving Toward AI and HPC

Some publicly listed mining companies are using their electrical sites for artificial intelligence and high-performance computing.

Mining sites already possess several assets that are difficult and expensive to develop:

• Large electrical connections
• Industrial land
• Substations and transformers
• Fibre connectivity
• Technical staff
• Data-centre buildings

When AI infrastructure offers stronger financial returns, operators may allocate part of their available power to GPU computing rather than ASIC mining.

Hashrate Index describes this as a structural change occurring alongside the normal mining market cycle.

However, converting a Bitcoin mining site into a full AI data centre is not always simple. AI systems generally require different cooling, networking, redundancy, building and uptime standards.

6. Bitcoin Difficulty Adjusted Downward

Bitcoin automatically adjusts its mining difficulty every 2,016 blocks, which is designed to take approximately two weeks.

When hashrate leaves the network, blocks may initially take longer to produce. The next difficulty adjustment can then reduce the amount of work required to find a valid block.

On July 11, 2026, Bitcoin mining difficulty declined by 5% to 127.17 trillion.

This adjustment helps the network respond to changing hashrate and can improve conditions for miners that remain online.

What the Decline Means for Miners

A lower network hashrate does not automatically make mining highly profitable.

Mining performance still depends on:

• Bitcoin price
• Transaction fees
• Network difficulty
• Electricity cost
• Machine efficiency
• Cooling consumption
• Facility uptime
• Pool performance
• Repair costs
• Financing expenses

However, when difficulty adjusts downward, each operating unit of hashrate can have a better statistical opportunity to earn rewards than it had before the adjustment.

Efficient miners with reliable power may therefore gain a competitive advantage when less-efficient equipment leaves the network.

The Top Three Countries Still Dominate

The United States, Russia and China jointly account for approximately 66% of global Bitcoin hashrate.

This concentration deserves attention, but it does not mean that one government or company controls Bitcoin.

Mining machines within the same country can be owned by many unrelated companies and individuals. They may also connect to different mining pools located in other countries.

Similarly, a mining pool's location does not necessarily show where its miners are physically operating.

Bitcoin's network remains distributed across:

• Multiple countries
• Independent mining companies
• Hosting providers
• Mining pools
• Private miners
• Industrial energy sites

Geographic concentration is therefore different from ownership concentration.

The UAE's Position in Global Bitcoin Mining

The UAE's fifth-place position is particularly relevant for Minersme Cloud Computing Services LLC and the wider regional digital-infrastructure industry.

Operating a high-density computing facility in the UAE requires more than simply installing mining machines and connecting electricity.

A professionally managed operation must integrate:

• Electrical design
• Transformer and switchgear capacity
• Power distribution
• Cooling engineering
• Water-flow management
• Network connectivity
• Miner monitoring
• Preventive maintenance
• ASIC repair
• Fire and operational safety
• Energy-efficiency optimisation

The region's future competitiveness will depend on the ability to operate modern ASIC fleets efficiently throughout the year, including during high summer temperatures.

The UAE may not possess Norway's natural cooling or Paraguay's large hydropower surplus, but it offers strong infrastructure, investment capacity, logistics, engineering resources and access to global markets.

These advantages can support specialised, professionally operated computing facilities.

For UAE operators, efficiency is especially important. Mining sites must manage electricity, water circulation, cooling performance, dust, heat and equipment uptime as one integrated system.

What Could Happen During the Rest of 2026?

Bitcoin's hashrate may remain volatile during the coming months.

A recovery could be supported by:

• A higher Bitcoin price
• Improved hashprice
• Lower electricity demand after summer
• Deployment of newer-generation ASIC miners
• Completion of new mining facilities
• Lower difficulty
• More transaction-fee income

Further contraction could occur if:

• Bitcoin's price remains weak
• Hashprice stays near historical lows
• Electricity prices increase
• Older machines remain unprofitable
• More mining companies redirect capacity toward AI
• Regulatory or grid restrictions affect major regions

Hashrate Index expects pressure on marginal mining capacity to continue until mining economics improve.

The most efficient sites are likely to be in the strongest position.

Mining companies that combine low-cost electricity, modern hardware, professional cooling and reliable technical management may continue operating even while less-efficient competitors shut down.

Final Outlook

Bitcoin's 30-day average hashrate declined from approximately 993 EH/s in early June to 938 EH/s by July 13, 2026, representing a reduction of around 5.5%.

The United States remains the largest estimated mining country, followed by Russia and China. Paraguay strengthened its fourth-place position, while the United Arab Emirates retained fifth place with approximately 28 EH/s.

Norway entered the top 10 as Kazakhstan fell to eleventh place. Ethiopia remained Africa's leading mining location, and Indonesia maintained a growing Southeast Asian presence.

The latest decline is not evidence that Bitcoin mining is disappearing.

Instead, it shows an industry becoming more selective.

Older machines, expensive energy and poorly designed sites face increasing pressure. Modern equipment, reliable power, advanced cooling and professional operations are becoming more important with every market cycle.

Bitcoin mining is continuing its transition from a small-scale technology activity into a global energy and computing industry.

About Minersme Cloud Computing Services LLC

Minersme Cloud Computing Services LLC provides professional cloud computing, high-performance infrastructure and specialised data-centre services from the United Arab Emirates.

Our operational focus includes advanced computing infrastructure, equipment hosting, ASIC management, monitoring solutions, cooling-system development, equipment maintenance and technical support.

Minersme combines electrical infrastructure, cooling engineering and software-based monitoring to help customers access professionally managed computing capacity.

For more information, visit Minersme.com.

Data Methodology and Disclaimer

Bitcoin does not publish the physical location of every mining machine.

The country-level figures in this article are industry estimates based primarily on Hashrate Index's Q3 2026 Global Hashrate Heatmap. Hashrate Index states that its geographic model uses a weighted combination of mining-pool data, ASIC trading flows and firmware-adoption trends.

June and July country figures were calculated by applying the latest estimated country market shares to global 30-day average network hashrate values of 993 EH/s and 938 EH/s.

These calculated values should not be interpreted as official, audited or directly measured monthly country totals.

This article is provided for general informational and educational purposes. It does not constitute financial, investment, legal or tax advice. Cryptocurrency and computing-service activities involve operational, market and regulatory risks.