Luxor Hashrate Lookback Series — September 2026

Luxor’s Monthly Lookback Series is a deep dive into Bitcoin hashrate market activity. In this post, we cover September 2026’s hashrate market and hashprice trends, forward market participation, trading activity and contract performance. Summary Network Difficulty Took Some Gains Back: Bitcoin rose 7.3% from open to close in September. Hashprice rose 1.8% to $39.92 per PH/s/day. Difficulty absorbed the difference with a +5.52% increase across two upward retargets, including +4.16% on September 19, the largest since June. Bitcoin Through the Gauntlet: Clarity Act cloture failed on September 15 and the Fed raised rates 25 bp on September 16. Bitcoin printed its monthly low that day ($75,791), then closed the month at $83,687 behind the largest single-day spot-ETF inflow of 2026.

First reported by Hashrate Index. This page is a short excerpt; the full text is theirs.