According to KiYoung Ju, founder and CEO of CryptoQuant, there are currently about 4.43 million ASIC mining machines supporting the Bitcoin network, driving the network's computing power to a record high. This increase is mainly due to the increase in the number of mining machines, rather than the improvement of chip performance. Since the beginning of this year, the number of mining machines has increased by 826,000, an increase of 23% year-on-year.