Bitcoin hash rate reaches its highest historical level; intensifying competition among miners.

According to a report by CryptoQuant, the mining difficulty and hash rate of the Bitcoin (BTC) network have reached unprecedented levels. This record indicates the addition of more mining devices to the network and an increase in competition within this ecosystem. In this context, Bitcoin mining company TeraWulf raised $92 million last month by selling 25% of its shares in a joint investment to strengthen its mining operations.