CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions
Summary
Bitcoin’s hashrate rose about 45% from July’s 726 EH/s to roughly 1,050 EH/s, though it remains below its October 2025 peak of 1,305 EH/s. CryptoQuant CEO Ki Young Ju called the recovery an indirect bullish signal, arguing that institutional backing of public miners points to confidence in Bitcoin’s security and long-term value. Nasdaq-listed NIP Group agreed to acquire 4.47 EH/s of deployed mining hardware; across its three purchase tranches, its hashrate is expected to reach 13.85 EH/s once the deal closes. Bitcoin was trading near $81,843, while NIP Group shares and other major mining stocks fell amid a broader market selloff and higher-than-expected inflation.
