Bitcoin mining hash rate spikes 60% despite plummeting revenue per terra hash

[Btceth01]

The Bitcoin hash rate continues trending upwards even though revenue per terra hash carries on falling.The Bitcoin mining hash rate spiked as high as 298.5134 EH/s on September 4, marking a +60% spike in 24 hours.
Founder of fintech research firm Quantum Economics, Mati Greenspan, commented that the surging hash rate posted a new all-time high for the leading cryptocurrency.Far from being an outlier, an analysis of the hash rate on a yearly time frame showed an uptrend of higher highs  — despite a drop-off in June following the Terra implosion and subsequent liquidity crisis.
Throughout this period, Bitcoin’s price has been trending downwards, adding further weight to the argument that ] more info more info