Bitcoin hash rate and price are both rising, and mining companies are still "reshuffling"

Latest data shows the Bitcoin network's average hash rate has reached 978.9 EH/s, a 2.57% increase from last week, while the price also broke through the $73,155 mark, up 6% from last week.

Two important signals are hidden behind this:

Continuous increase in hash rate indicates improved network stability, but also means greater pressure on miners.
Price appreciation, while beneficial for miners, still tests their risk resistance due to high volatility.

It is worth noting some developments in the mining industry:

Riot Platforms appears to have sold another 500 BTC, indicating that mining companies are still "timely liquidating" assets;
MARA continues to reduce holdings, with a total sale of 15,133 BTC in March, showing cautious attitudes toward long-term market performance;
With the 2028 halving approaching, miners face higher costs and tighter energy supplies. The entire industry is accelerating its shift toward infrastructure, gradually moving from simple hash rate competition to deeper system construction.

This means the future of Bitcoin mining is not just "mining," but more about "building long-term operational models."

(Miners are not only competing for hash rate but also preparing for the upcoming halving and industry reshuffle)