Over the weekend, the Bitcoin network hash rates reached new record highs, putting pressure on miners as hardware prices increase and profitability remains stagnant. The 7-day and 3-day average hash rates both hit all-time highs, with the 3-day average rising over 18%.

Despite last week's heat waves in Texas, Bitcoin miners are back at near full capacity, causing a potential upward difficulty adjustment of above 7.5%.

However, these factors may also put more pressure on miners as the hash price continues to fall and the premium of next-generation ASICs rises.