US and Israeli Strikes on Iran Raise Questions Over Bitcoin Hashrate Risk and Network Resilience

On February 27, debate over Iran's role in Bitcoin mining intensified after an analyst claimed the country runs a heavily subsidized $1 billion operation that could be crippled by airstrikes. Some market participants warned a sustained attack on Iran's grid might erase its estimated 2%–5% share of global hashrate, while others argued that even a 5% drop would not disrupt Bitcoin's overall network stability.