Listed Miner Hash Rate Drops 21% Excluding Bitdeer, Core Hosting Revenue Hits 83%

Excluding Bitdeer, listed miner hash rates fell 21% in six months. Core Scientific’s hosting revenue reached $136.7M, comprising 83% of total income, signaling a sector-wide pivot to infrastructure services.

Woofun AI data shows that the actual hash rate of listed mining companies declined from 368.3 EH/s in the fourth quarter of 2025 to 319.0 EH/s in the second quarter of 2026, representing a 13.4% drop over six months. The Bitcoin network's average quarterly hash rate decreased by 10.6% during the same period. When excluding Bitdeer, the hash rate of these entities fell by 21.2%. Core Scientific generated $136.7 million in hosting revenue in the second quarter, which was five times its $27.5 million Bitcoin mining revenue and constituted 83% of its total quarterly income. TeraWulf reported $31.9 million in HPC rental revenue, accounting for 71% of its total revenue and exceeding its $12.

8 million Bitcoin mining revenue. Bitdeer's actual hash rate rose 44% to 63.0 EH/s compared to the fourth quarter of 2025. In June, its self-mining hash rate and pooled mining hash rate were 73 EH/s and 15.9 EH/s respectively, yielding 990 Bitcoins, a 388% year-on-year increase. Cango's actual hash rate dropped 63% from 44.8 EH/s in the fourth quarter of 2025 to an estimated 16.5 EH/s in the second quarter of 2026. Keel Infrastructure has ceased all Bitcoin mining operations in the United States to focus on data center construction, while its Canadian mining operations continue to be phased out.