Bitcoin Hashrate Recovery Signals Next Rally, | Crypto News
Former CoinRoutes CEO Dave Weisberger argued in an X post on February 23 that Bitcoin’s early-2026 hashrate rebound is more than a mining-cycle recovery and could also be a lagging signal of a broader price transfer forward. His core thesis is that sovereign-linked mining exercise is beginning to play for Bitcoin the same structural position central bank gold shopping for performed for gold before its breakout.
Weisberger frames the comparability through the current gold cycle, where he says sovereign accumulation preceded price discovery by years. In his telling, the key signal was not ETF demand or retail flows, but central banks steadily including reserves as geopolitical fragmentation and fiat-risk considerations rose.
“The result? A parabolic gold rally that few saw coming in real time,” he wrote. “Gold has surged to record highs well north of $5,000/oz in this cycle, leaving the ‘it’s just inflation’ crowd scrambling. The buying came first. The price discovery followed later.”
Why Bitcoin’s Hashrate Recovery Is Signalling The Next Rally
Applying that framework to Bitcoin, Weisberger factors to what he describes as a “textbook V-shaped recovery” in community hashrate in early 2026. After a sharp pullback of roughly 15% to 20% from prior peaks, he says computational energy rebounded from below 900 EH/s to above 1 ZH/s, accompanied by one of the biggest absolute issue will increase on document, at almost 15%.
For Weisberger, that recovery isn’t just a post-stress normalization after winter curtailments, regional shutdowns, and post-halving margin compression. He argues it displays a different class of miner stepping in. “This isn’t random noise. It is the direct footprint of sovereign mining stepping in where private miners hesitated,” he wrote.
A central half of the post is Weisberger’s declare that at least 13 nation-states are now mining Bitcoin at a governmental or state-linked stage (backed by VanEck research). He cites Bhutan, the UAE, and El Salvador, and also names Russia, Iran, and Ethiopia as international locations deploying power property into mining.
“These are not retail or even corporate miners chasing daily hashprice,” he wrote. “These are governments converting stranded or strategic energy into a portable, verifiable, seizure-resistant reserve asset. They mine for policy reasons: revenue without printing more local currency, network security in which they hold a direct stake, and positioning in a world where financial sovereignty matters.”
Weisberger argues sovereign miners operate with different constraints than non-public miners: longer time horizons, different value of capital, and less need to promote output into market weak spot. In that framework, sovereign mining turns into a mechanism for absorbing newly issued BTC immediately into long-term holdings, lowering sell-side stress while also strengthening community security.
Weisberger explicitly describes hashrate recovery as a lagged, not coincident, indicator, because sovereign mining enlargement requires {hardware} procurement, power contracts, infrastructure buildout, and coverage approvals. Those processes transfer slowly, often during intervals when price motion seems flat or corrective.
He argues that this sequence can change market construction before price displays it: stronger security, tighter issuance circulate, and broader validation of Bitcoin as a reserve asset reasonably than a purely speculative vehicle. His conclusion is blunt: “The hashrate recovery isn’t just technical resilience. It is a sovereign signal flashing bright. Governments are voting with energy infrastructure and balance sheets.”
At press time, BTC traded at $63,209.
Stay up to date with the latest trending crypto news! Visit our web site daily for the freshest Crypto news and content, rigorously curated to keep you informed.
