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Bitcoin Hash Rate Spikes to All-Time Highs
Bitcoin's hash rate has hit all-time highs of 398 terahashes per second (TH/s) on March 23, with analysts suggesting miners are turning on their rigs as BTC's price rises. The increase in hash rate is attributed to unused mining inventory coming online and entrepreneurs finding cheap sources of mining. While some have speculated that lower prices forced miners to shut down their rigs, others believe that attractively priced hardware is being bought up by well-capitalized miners.