Iran’s Bitcoin Hashrate Plummets 77% Due to Conflict, Global Dominance Shifts to US and Russia?

Jakarta, Pintu News – Geopolitical tensions in the Middle East have once again shaken the crypto world, especially the Bitcoin (BTC) mining industry in Iran. In the past three months, Iran’s Bitcoin hashrate plummeted by 77%, signaling the significant impact of the armed conflict involving the United States and Israel.

This drastic drop was recorded in the latest Hashrate Index report, which highlights the changing map of global mining power. However, the decline in hashrate in Iran does not necessarily affect the stability of the Bitcoin network globally.

Iran’s hashrate plummets, neighboring countries remain stable

In a report released by the Hashrate Index, Iran lost about 7 exahash per second (EH/s) in the past quarter, leaving it with only about 2 EH/s. This decline comes amidst the heated conflict between Iran, the United States, and Israel since February. While Iran has been heavily impacted, neighboring countries such as the United Arab Emirates and Oman have remained stable and not directly affected.

This shows that the effects of the conflict are still localized in Iran, without causing a domino effect to the surrounding region. The number of active mining rigs in Iran is estimated at 427,000, making the country one of the major players in the region. However, with the plummeting hashrate, Iran’s position on the global mining map is increasingly threatened.

Bitcoin (BTC) miners in Iran are now facing major challenges, both in terms of security and profitability. Meanwhile, the global Bitcoin network remains secure as no single region is large enough to threaten the network’s viability.

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Global Hashrate Drop Triggered by Bitcoin (BTC) Price Falling Sharply

Bitcoin’s (BTC) global hashrate also experienced a decline, although not as large as the one in Iran. The 30-day global average hashrate fell from 1,066 EH/s in the first quarter to around 1,004 EH/s in the second quarter, a decrease of around 5.8%. This decline is mostly due to the plummeting price of Bitcoin (BTC), which has now fallen more than 45% from its record high of $126,000 last October.

As a result, hash prices reached historic lows, with many miners having to shut down old devices that were no longer profitable. Mining profitability is now the main factor in the geographical shift of hashrate, beating both energy costs and regulation.

Many older generation mining devices with efficiencies above 25 J/TH are now operating at negative margins, forcing retirement. An estimated 252 EH/s of marginal capacity is now offline, indicating that many older devices are retiring. Miners are now more selective in choosing locations and devices, in order to maintain business continuity amid price volatility.

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The United States, Russia, and China account for 65.6% of the world’s hashrate

The global Bitcoin (BTC) mining power map is now dominated by three main countries, namely the United States, Russia, and China. The United States holds the largest share with more than 37% of global hashrate, followed by Russia at around 17%, and China at 12%. Although the composition of the major players is relatively stable, there has been an internal shift with many older devices being retired in favor of more efficient modern devices.

Countries like Canada also show a similar trend, with a slight quarterly decline but positive growth on an annualized basis. Hashrate growth in key countries is now more about optimization and efficiency rather than massive expansion. Miners are now focusing on deploying the latest devices in regions with low operating costs and favorable regulations.

This reflects the changing strategy of the global mining industry, where sustainability and profitability are top priorities. As such, the dominance of the United States, Russia and China is expected to continue in the near future.

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Reference

• Cointelegraph. Iran’s Bitcoin hashrate drop results in mining redistribution. Accessed on April 9, 2026
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