Bitcoin Hashrate Hits Record 1.2 ZH/s as $112K Mark Falls

• BTC mining hits industrial scale as hashrate hits 1.2 ZH/s.
• Increased mining competition aligns with Bitcoin's price recovery to $112,000.

On September 29, 2025, Cryptopolitan reported that Bitcoin's hashrate hit a record 1.2 ZH/s, marking a significant milestone for the cryptocurrency’s network. This achievement underscores the industrial scale of Bitcoin mining and the growing competition among major operators. The surge in hashrate coincided with Bitcoin’s price rebounding to $112,000, reflecting strong market activity.

The increase in hashrate has been driven by substantial investments in advanced application-specific integrated circuit (ASIC) hardware. Leading mining companies, such as Marathon Digital and Riot Platforms, have played a major role in scaling network power through modern infrastructure. While the growth reinforces network security, it has also resulted in narrower profit margins for miners due to rising mining difficulty. Consequently, only operations equipped with state-of-the-art hardware and cost-effective electricity are expected to sustain profitability.

On-chain analysis indicates potential for further price momentum. Data from CryptoQuant shows that the 72-hour funding rate has turned negative, often signaling a short squeeze that can favor buyers. Additionally, the Spent Output Profit Ratio (SOPR) has approached 1.5, suggesting short-term investors are realizing losses while long-term holders remain firm—a setup historically observed before price surges, including significant rebounds in 2024.

Market analysts are closely monitoring Bitcoin's price at $112,000, seeing it as a critical support level. Traders anticipate sustained movement above this threshold could foster confidence and pave the way for additional gains. According to technical analysis, the next resistance level is expected at $114,000, which may serve as a key benchmark for further upward advancements.

As of September 29, 2025, 15:11 UTC, Bitcoin (BTC) is trading at $114,040.83, reflecting a 3.82% increase in the last 24 hours, according to the latest data.