CryptoQuant CEO links rising Bitcoin hashrate to institutional backing of miners

CryptoQuant CEO Ki Young Ju stated that Bitcoin's rising hashrate, which recovered about 45% from summer lows to roughly 1,050 EH/s, serves as an indirect bullish signal from institutional investors backing public Bitcoin miners. This recovery is supported by miners like Nasdaq-listed NIP Group, which announced an agreement to acquire about 4.47 EH/s of hardware, aiming for a total hashrate of 13.85 EH/s across three tranches. Despite the recovery, the global hashrate remains below its peak of 1,305 EH/s recorded in October 2025, while Bitcoin was trading around $81,843 as US equities markets opened on Thursday.