U.S., Russia and China Held 65.4% of Bitcoin Mining Hashrate in Q3

Bitcoin mining in the United States, Russia and China accounted for an estimated 65.4% of global hashrate in the third quarter of 2026, as the U.S. share fell and Russia’s rose while the network total remained nearly flat.

The United States led with an estimated 335 exahashes per second (EH/s), or 35.6% of the total. Russia had 170 EH/s, or 18.1%, and China had 110 EH/s, or 11.7%.

The U.S. estimate was down from 345 EH/s and 36.7% in the previous comparison. Russia rose from 162 EH/s and 17.2%, while China fell from 115 EH/s and 12.2%. Together, the three countries accounted for 65.4% of estimated global hashrate, down from 66.2% in the previous comparison.

Global network hashrate averaged about 941 EH/s, compared with about 940 EH/s in the previous comparison. Hashrate measures the computing power devoted to Bitcoin mining.

The estimates track mining activity by country, but do not identify equipment owners or show who controls mining pools or selects transactions for blocks. The figures were published Oct. 5 and do not include an uncertainty range, so the change in the combined share does not establish whether the shift is statistically significant.