Bitcoin Network Sees Hashrate Increase Amid Rising Prices

The Bitcoin network's hashrate experienced a 3.4% increase this week, reaching an average of 1039 EH/s. According to NS3.AI, the average Bitcoin price also saw a slight rise of 0.61%, bringing it to approximately $92,872. In a notable development, Ethiopia is considering partnerships to establish Bitcoin mining operations, signaling a significant move in the industry. Furthermore, two independent miners successfully mined a block each, earning rewards of around $300,000.