CMBI Bitcoin Observed Work

CMBI Bitcoin Observed Work

CMBIWORK

The CMBI Bitcoin Observed Work (CMBIWORK) is designed to be a reactive, responsive and manipulation resistant measure of the amount of mining activity being conducted on the Bitcoin Network thoughout a 24 hour period.

Return

74,629.40 as of most recent NY market close
24hr return +1.19%
year to date +7.92%

Performance

Time Returns Range
1D +1.19% 73,748.36 - 74,629.40
7D -3.75% 73,748.36 - 79,986.33
1M -1.28% 65,862.41 - 81,461.86
3M +12.21% 61,208.75 - 84,440.82
1Y +42.65% 43,600.01 - 84,440.82
2Y +154.46% 26,287.68 - 84,440.82
MTD -0.12% 71,908.92 - 79,986.33
QTD +12.38% 65,862.41 - 84,440.82
YTD +7.92% 59,326.20 - 84,440.82
Q1:25 -3.97% 59,326.20 - 79,172.72
Q4:24 +31.75% 52,487.85 - 71,505.32
Q3:24 +3.30% 43,600.01 - 60,888.21
Q2:24 -3.30% 42,053.07 - 59,546.40

Volatility

3 MONTHS81.73%
6 MONTHS90.14%
1 YEAR93.35%
2 YEARS100.83%

Sharpe

1 YEAR0.793
2 YEARS0.913
5 YEARS0.876

Sortino

1 YEAR1.208
2 YEARS1.388
5 YEARS1.310

About The Index

The Coin Metrics Bletchley Index (CMBI) Mining Series are institutionally designed cryptoasset benchmarks that accurately and reliably represent the performance of the total Bitcoin network’s mining activity.

The CMBI Bitcoin Observed Work (CMBIWORK) is an aggregate representation of the previous 24hrs of CMBI Bitcoin Hash Rate Index data, used to reflect the implied number of hashes conducted over the previous 24hr period.

Index levels are calculated from the most recent block data received by Coin Metrics owned and operated Bitcoin nodes.

Key Information

Name CMBI Bitcoin Observed Work
Base date 2015-01-02
Base value 27.86
Constituents Bitcoin
Base unit Zettahashes per day
Administrator Coin Metrics

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Historical Data

Date Open High Low Close
May 11, 2025 73,748.36 75,075.50 73,748.36 74,629.76
May 10, 2025 75,129.06 75,129.06 73,564.59 73,748.36
May 9, 2025 77,633.63 77,633.63 75,129.32 75,129.32
May 8, 2025 74,262.53 77,870.16 74,262.53 77,633.90
May 7, 2025 75,959.21 75,959.21 73,186.75 74,261.73
May 6, 2025 79,986.33 80,102.95 75,960.27 75,960.27
May 5, 2025 77,534.78 79,986.02 77,534.78 79,986.02
May 4, 2025 77,480.03 77,534.60 76,288.86 77,534.60
May 3, 2025 78,223.16 79,686.32 77,481.18 77,481.18
May 2, 2025 73,892.28 78,221.83 73,892.28 78,221.83
May 1, 2025 71,908.92 73,891.09 71,096.15 73,891.09
Apr 30, 2025 74,718.60 74,718.60 71,909.79 71,909.79
Apr 29, 2025 73,467.84 75,235.49 73,467.84 74,719.57
Apr 28, 2025 66,840.07 73,466.14 66,840.07 73,466.14
Apr 27, 2025 69,863.08 69,863.08 66,641.82 66,839.48
Apr 26, 2025 75,659.93 75,686.25 69,864.46 69,864.46
Apr 25, 2025 69,618.93 75,659.74 69,618.93 75,659.74
Apr 24, 2025 68,311.42 69,617.96 67,541.10 69,617.96
Apr 23, 2025 70,612.58 70,612.58 68,311.83 68,311.83
Apr 22, 2025 65,862.41 70,721.33 65,862.41 70,612.81
Apr 21, 2025 68,442.82 68,442.82 65,462.78 65,861.53
Apr 20, 2025 71,709.15 71,709.15 68,443.05 68,443.05
Apr 19, 2025 71,672.97 72,233.16 71,067.76 71,710.12
Apr 18, 2025 76,401.79 76,597.45 71,673.57 71,673.57
Apr 17, 2025 75,017.79 76,401.38 74,966.64 76,401.38