Top 10 Countries by Market Share (Q4 2025)
Bitcoin mining remains geographically concentrated, with just a handful of countries commanding most of the global hashrate:
United States — 37.8% (~389 EH/s)
Russia — 15.5% (~160 EH/s)
China — 14.1% (~145 EH/s)
Paraguay — 3.9% (~40 EH/s)
United Arab Emirates — 3.2% (~33 EH/s)
Oman — 2.9% (~30 EH/s)
Canada — 2.9% (~30 EH/s)
Kazakhstan — 2.1% (~22 EH/s)
Ethiopia — 1.9% (~20 EH/s)
Indonesia — 1.6% (~17 EH/s)
https://hashrateindex.com/blog/global-hashrate-heatmap-update-q4-2025/Top 10 Countries by Market Share (Q1 2026)
Bitcoin mining remains highly concentrated, with the top handful of countries commanding the majority of global hashrate:
United States — 37.5% (~400 EH/s)
Russia — 16.4% (~175 EH/s)
China — 11.7% (~125 EH/s)
Paraguay — 4.0% (~43 EH/s)
United Arab Emirates — 3.1% (~33 EH/s)
Oman — 3.0% (~32 EH/s)
Canada — 2.6% (~28 EH/s)
Ethiopia — 2.6% (~27.5 EH/s)
Kazakhstan — 2.1% (~22 EH/s)
Indonesia — 1.9% (~20 EH/s)
https://hashrateindex.com/blog/global-hashrate-heatmap-update-q1-2026/Top 10 Countries by Market Share (Q2 2026)
Bitcoin mining remains geographically concentrated, with the top three countries commanding approximately 65% of global hashrate:
United States — 37.4% (~375 EH/s)
Russia — 16.9% (~170 EH/s)
China — 12.0% (~120 EH/s)
Paraguay — 4.3% (~43 EH/s)
United Arab Emirates — 3.0% (~30 EH/s)
Oman — 3.0% (~30 EH/s)
Canada — 2.6% (~26 EH/s)
Ethiopia — 2.5% (~25 EH/s)
Kazakhstan — 1.8% (~18 EH/s)
Indonesia — 1.8% (~18 EH/s)
https://hashrateindex.com/blog/global-hashrate-heatmap-update-q2-2026/
