Analyst: Bitcoin Hash Rate Drops to 4-Month Low, AI Computing Demand Intensifies Power Competition

Odaily News The hash rate of the Bitcoin network has recently fallen to its lowest level in nearly four months. Data from Hashrate Index shows that Bitcoin's 7-day moving average hash rate has dropped to approximately 993 EH/s, marking the first time it has fallen below 1000 EH/s since mid-September last year. This represents a decline of nearly 15% from the recent peak of around 1157 EH/s on October 19.

Leon Lyu, founder and CEO of StandardHash, stated that the main reason for the decline in hash rate is that some miners are shifting their power resources towards AI computing services to pursue higher profit margins. Previously, mining media TheMinerMag pointed out that 2025 presents an extremely challenging profit environment for Bitcoin miners, prompting some mining companies to explore alternative businesses such as artificial intelligence and high-performance computing.

The report also mentioned that although Bitcoin mining difficulty has decreased and miner revenue indicators have improved in recent months, competition from AI for power and computing resources continues, putting pressure on the overall Bitcoin network hash rate. (Cointelegraph)