FutureBit has unveiled HashFly, an unusual proof-of-concept that uses simulated neural activity from a fruit fly connectome to perform simplified Bitcoin hashing. It is nowhere near replacing modern ASIC miners, but the experiment raises an interesting question about what ultra-efficient computing might eventually look like.
Bitcoin climbed above $85,000 on Monday, reaching its highest price since January. Improving risk sentiment, lower oil prices and renewed interest in crypto markets helped extend a recovery that has gathered pace since late August.
A new CoinShares report shows that Bitcoin mining is still adjusting after a difficult first half of 2026. Network hashrate remains well below its long-term trend, while tighter mining margins are pushing several large operators to devote more power and infrastructure to AI and high-performance computing.
Bitcoin mining conditions remain challenging as hashprice stays close to $32 per PH/s/day despite a modest recovery in network hashrate. The Bitcoin network’s seven-day average hashrate reached approximately 920 EH/s, while transaction fee contribution declined and another small difficulty increase is currently projected.
Riot Platforms has signed a 20-year agreement to provide 191 MW of critical IT capacity from its Rockdale, Texas campus to a leading frontier AI company. The contract is expected to generate approximately $9.1 billion in revenue and highlights how major Bitcoin miners are increasingly using their power infrastructure for AI and high-performance computing alongside mining operations.
Bitcoin is trading near $64,600 after moving between approximately $63,250 and $65,040 during the latest session. The market remains caught between recovering institutional demand and macroeconomic uncertainty, with the $65,000–$66,700 region acting as an important resistance zone.
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