US Bitcoin Mining Share Drops as Russia Gains Hashrate
Bitcoin (BTC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that the United States has seen its grip on Bitcoin mining slip between the first and third quarters of 2026. The U.S. share of the network’s total hashrate fell from 37.523% at the start of the year to 36.7% today. Meanwhile, Russia increased its stake in computational power from 16.417% to 17.2%, despite a drop in absolute hashrate from 175 EH/s to 162 EH/s. China also saw its global share rise from 11.276% to 12.2%, even as its total power decreased from 125 EH/s to 115 EH/s. Paraguay was one of the few countries to gain total hashrate, jumping from 4.034% to 4.7% share and adding 1 EH/s. In contrast, Kazakhstan slid from 2.064% to 1.6% and Oman dropped from 3.002% to 2.8%.
The total global hashrate has contracted from above 1,000 EH/s in Q1 to 892.35 EH/s as of August 27, 2026. Despite these losses, the spot value of a single petahash per second has grown by 27.42% to $40.34. This increase in hashprice could attract new entrants from around the world to the mining industry. Prediction market traders are currently backing Bitcoin price targets ranging from $50,000 to $150,000.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Bitcoin is trading at $80,249.58 with a 1-hour buy ratio of 54.7%, indicating immediate bullish pressure. However, this momentum is fading over longer timeframes, as the 4-hour buy ratio drops to 47.7% and the 24-hour ratio falls further to 45.2%. The 1-hour volume delta is positive at $6,290,567, showing recent buying interest. In contrast, the 4-hour volume delta is negative at -$7,192,899, and the 24-hour delta is deeply negative at -$123,102,218. This divergence suggests that while short-term buyers are active, sustained selling pressure is dominating the day. The cumulative volume delta (CVD) for the 24-hour close is -$77,243,933, confirming net outflow.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.1%, making today’s 24-hour ratio of 45.2% notably lower by 5.8 points. Weekly volume was only 0.65x the average, indicating a quieter trading environment compared to typical days. The coin saw a 9.9% price increase over eight days, driven by a total volume delta of +$171,556,665. Today’s negative 24-hour volume delta of -$123,102,218 contrasts with the week’s positive flow, suggesting a shift from accumulation to distribution. While the weekly trend was up, today’s metrics show a distinct pullback in buying intensity.