Connect with us

Bitcoin

Bitcoin Network Hashrate Soars to New Record of 900 Quintillion Hashes Per Second

Published

on

Global, April 15, 2025 – The Bitcoin network has achieved a monumental milestone, with its hashrate reaching an unprecedented 900 exahash per second (EH/s)—equivalent to 900 quintillion hashes per second (900,000,000,000,000,000,000 hashes/s). This record-breaking figure, reported by multiple sources including CoinWarz and posts on X, underscores the growing computational power securing the Bitcoin blockchain, even amidst economic and regulatory challenges.

The hashrate, a critical metric of the total computing power dedicated to mining Bitcoin, reflects the network’s security and resilience. On April 6, 2025, Bitcoin’s hashrate had already climbed to 900 EH/s, and this latest surge confirms the sustained upward trajectory, with some reports noting a peak of 1,000 EH/s earlier in the year. This growth comes despite the Bitcoin halving in April 2024, which reduced the block reward from 6.25 BTC to 3.125 BTC, a change that historically pressures miners’ profitability. Yet, miners have continued to invest heavily, driven by Bitcoin’s price hovering around $84,870 as of April 14, 2025, and advancements in mining technology.

This milestone follows a year of remarkable hashrate growth. In January 2024, the network’s hashrate was approximately 510 EH/s, meaning it has nearly doubled within 15 months. The surge is attributed to the deployment of more efficient ASIC miners, such as Bitmain’s S21 XP+ Hyd, which boasts a hashrate of 390 TH/s while consuming 7,215 watts, and the increasing adoption of renewable energy sources by mining operations to offset costs. For context, the Bitcoin network’s hashrate was just 736.81 EH/s in October 2024, highlighting the rapid pace of growth in a matter of months.

The implications of this hashrate record are significant. A higher hashrate enhances the network’s resistance to attacks, as it becomes exponentially more difficult for a malicious actor to control 51% of the computing power—a feat that would require an estimated $15 billion in hardware and energy costs at current rates, according to some analysts. However, some skeptics on X have questioned whether raw hashrate alone is a sufficient security metric, arguing that the cost to attack the network, adjusted for energy and hardware efficiency, provides a clearer picture. Advances in quantum computing also loom as a potential future threat, though experts note that such technology is unlikely to impact Bitcoin’s security for at least another decade.

The hashrate boom aligns with broader trends in the crypto space. Institutional adoption continues to grow, with companies like Metaplanet in Japan purchasing $26.3 million in Bitcoin this month, and U.S. Senator Cynthia Lummis advocating for a Strategic Bitcoin Reserve to tackle national debt. Meanwhile, former Binance CEO Changpeng Zhao’s recent prediction that AI systems will favor crypto over fiat currencies highlights the increasing convergence of blockchain and artificial intelligence—potentially driving further demand for Bitcoin’s computational infrastructure.

Despite the celebratory mood, challenges persist. The energy consumption of Bitcoin mining remains a point of contention, with the network consuming an estimated 150 TWh annually based on current hashrate levels, equivalent to the energy use of a small country. While some miners are pivoting to sustainable energy—Hut 8 Mining Corp reported using 40% renewable energy in 2024—environmental concerns could invite stricter regulations, particularly in regions like the EU, which has discussed crypto-mining restrictions.

The Bitcoin network’s latest hashrate record is a testament to its enduring growth and adaptability. As miners, investors, and policymakers continue to rally behind the world’s leading cryptocurrency, this milestone may well be a stepping stone to the zettahash era, with Bitcoin poised to redefine global finance in the years ahead.

Bitcoin

Kraken Named Official Crypto Exchange Supporter of the FIFA World Cup 2026™

Published

on

In a landmark partnership that signals crypto’s deepening integration with global sports, Kraken has been officially named the Official Crypto Exchange Supporter of the FIFA World Cup 2026™. The announcement, made by FIFA on June 9, positions Kraken as a key player in bringing cryptocurrency experiences to millions of football fans worldwide.

The collaboration focuses primarily on North America and Europe, where the tournament will be hosted across 16 cities in Canada, Mexico, and the United States. It aims to drive mainstream crypto adoption through fan-first activations, educational initiatives, and innovative product experiences.

Partnership Highlights

  • Fan Engagement & Activations: Kraken will roll out a series of interactive experiences, countdown events, and on-ground activations throughout the lead-up to and during the tournament. These are designed to introduce football fans to crypto in an accessible and entertaining way.
  • Adoption Focus: The deal emphasizes raising awareness and encouraging practical use of digital assets among one of the world’s largest and most passionate audiences.
  • Blockchain Innovations: Expectations include enhanced visibility for NFTs, blockchain-based fan tokens, digital collectibles, and potential payment solutions tied to the World Cup ecosystem.

This partnership marks one of the most significant mainstream sports sponsorships for a crypto exchange to date, especially ahead of what FIFA describes as the biggest World Cup in history.

Strategic Significance

The FIFA World Cup 2026 is expected to draw billions of viewers globally. Kraken’s involvement provides a massive platform to showcase crypto’s utility beyond trading — particularly in areas like fan engagement, ticketing, merchandise, and real-time experiences.

“Bringing together one of the world’s leading cryptocurrency platforms and the biggest FIFA World Cup™ in history,” the announcement highlights the shared goal of innovation and broad accessibility.

For Kraken, the sponsorship strengthens its brand presence in traditional markets and reinforces its position as a trusted, regulated crypto platform. For FIFA, it opens new avenues for fan interaction in an increasingly digital world.

Broader Implications for Crypto and Sports

This tie-up exemplifies crypto’s continued push into traditional entertainment and sports. Similar to past sponsorships in football and esports, it could pave the way for more blockchain-powered features such as:

  • NFT-based memorabilia and collectibles
  • Crypto-powered fan rewards and loyalty programs
  • Seamless digital payments at events
  • Educational campaigns on digital assets for new users

Analysts view the move as bullish for institutional and retail adoption, especially as regulatory clarity improves in key regions.

Kraken’s FIFA World Cup 2026 sponsorship is set to kick off with initial countdown events and will build momentum toward the tournament in 2026. It represents a major milestone in bridging the worlds of cryptocurrency and global football.

CoinReporter will continue to track developments from this partnership, including specific activations and their impact on crypto adoption. Stay tuned for more updates.

Continue Reading

DeFi

Crypto19 hours ago

SpaceX IPO: A Generational Bet on Humanity’s Multi-Planetary Future

As SpaceX prepares for what could be the largest IPO in history, the narrative has shifted from near-term valuation debates...

Crypto20 hours ago

Altcoin Season Signals and Market Rotation

The cryptocurrency market continues to exhibit selective capital flows as Bitcoin dominance fluctuates around the 58% level. While a full-blown...

Crypto21 hours ago

On-Chain and Institutional Metrics Point to Cautious Optimism

The cryptocurrency market is navigating a period of consolidation, where short-term price volatility contrasts with strengthening foundational signals from on-chain...

DeFi2 days ago

MoneyGram Launches MGUSD Stablecoin on Stellar for Remittances

In a significant step for traditional fintech and blockchain integration, MoneyGram has officially launched MGUSD, its own U.S. dollar-backed stablecoin...

Crypto2 days ago

Securitize Advances Toward NYSE Listing via SPAC Merger with Cantor Equity Partners II

Securitize, the leading BlackRock-backed tokenization platform, has taken a major step forward in its plan to go public. The U.S....

Bitcoin2 days ago

Kraken Named Official Crypto Exchange Supporter of the FIFA World Cup 2026™

In a landmark partnership that signals crypto’s deepening integration with global sports, Kraken has been officially named the Official Crypto...

Crypto3 days ago

Binance Stocks Surpasses $400M in AUM Just Days After Launch — Zero-Commission Trading & Limited-Time Discounts Available

Binance has announced that its Binance Stocks platform has quickly surpassed $400 million in assets under management (AUM) — just...

Bitcoin3 days ago

FCA Proposes Allowing UK Investment Funds to Allocate Up to 10% to Bitcoin and Crypto ETNs

The UK’s Financial Conduct Authority (FCA) has proposed permitting authorised investment funds — including UCITS schemes and most non-UCITS retail...

Crypto4 days ago

Ethereum Follows Bitcoin’s Modest Recovery, Trading Around $1,600–$1,700 Amid Persistent ETF Outflows

Ethereum (ETH) mirrored Bitcoin’s partial weekend rebound, climbing from session lows near $1,544–$1,568 to trade in the $1,600–$1,700 range on...

Bitcoin4 days ago

Bitcoin Rebounds Modestly After Sharp Weekly Decline Amid Macro and ETF Pressures

Bitcoin (BTC) staged a modest recovery over the weekend following one of its sharpest weekly declines of 2026, reclaiming key...

Advertisement

Trending