Bitcoin Hashprice Rises 20.4% in 4 Days, Miner Revenue Hits $38.29/PH/s

Hashprice is the cleanest read on miner economics, so a jump this size matters less for what it says about price than for what it says about the cost side of the network: operators that were marginal at lower revenue levels get breathing room, and that can change decisions around hashrate deployment and hedging. The open question is whether this level holds — hashprice is a function of both fees and network difficulty, and it moves quickly in either direction.