$BTC hashrate hit ~1.3 zettahashes late last year and has been bleeding ever since. Longest drop from ATH in Bitcoin's entire history.
The culprit? AI.
Miners are pivoting hard — ditching Bitcoin rigs for AI compute contracts worth billions. Power + data center real estate is getting reallocated fast.
This isn't just a temporary dip. It's a structural shift. When AI margins beat mining margins, capital flows where the money is.
Watch hashrate closely. If it keeps sliding, network security narratives could flip bearish fast.
The culprit? AI.
Miners are pivoting hard — ditching Bitcoin rigs for AI compute contracts worth billions. Power + data center real estate is getting reallocated fast.
This isn't just a temporary dip. It's a structural shift. When AI margins beat mining margins, capital flows where the money is.
Watch hashrate closely. If it keeps sliding, network security narratives could flip bearish fast.
