Bitcoin’s hashrate has reached a new all time high, racing from 89 exahashes a second (Ex/s) in July 2021 when China banned bitcoin mining to above 350 Ex/s.
The combined power to secure the network has now almost doubled since bitcoin’s price peaked in November with the asics mining scene clearly knowing of no bear market.
Source: https://www.trustnodes.com/2023/05/02/bitcoins-hashrate-crosses-350-exahashes