
Bitcoin's Hashrate Is Down More Than 20% as Miners Turn to AI
Four accounts of the decline agree on the direction and disagree on the peak, the depth and the length. The capital is moving to AI data centres.
Miners, hardware & hashrate

Four accounts of the decline agree on the direction and disagree on the peak, the depth and the length. The capital is moving to AI data centres.

A joint statement dated 29 August says Dashjr resigned as Ocean's chairman, CTO and director and that Mummolin repurchased all his equity. No price was given.

AI cloud brought IREN $70.5 million in the June quarter against $66.7 million from bitcoin mining, the first time the split has gone that way. The quarter cost $684 million.

Difficulty rose 0.99% to 127.48T at the 8 August retarget, above all three published estimates, while hashrate and hashprice readings still refuse to agree.

MARA lost $611.3M and CleanSpark $239.8M as revenue fell 27% and 30.5%. Both leaned harder on AI and data-center capacity, and both stocks fell on the print.

Bitcoin's second difficulty reset of July barely moved, a flat line after the 5% cut two weeks earlier and a sign that hashrate has stopped leaving the network.

Bitcoin's mining difficulty fell 5.00% to 127.17 trillion on July 11, the second large downward move in a month, lifting hashprice 12.5% to $31.1.

Bitcoin's mining difficulty fell 9.91% at the 13 June retarget, from 138.96 trillion to 125.19 trillion, one of the largest downward moves on record. Hashrate had slid to roughly 967 EH/s as unprofitable rigs powered down with bitcoin near $64,007.

🔲Hashprice — a key indicator of Bitcoin mining profitability — has fallen below the psychologically important $40 level, approaching loss-making territory. At roughly $39.4 per PH/s/day, miners are…

⬜The Bitcoin mining industry is facing the harshest economic conditions in its history: miner revenues are falling while costs continue to rise. Hashprice has dropped to structural lows…

🟠Riot Platforms reported a 27% increase in Bitcoin production and record revenue of $180.2 million for Q3. However, the company announced a strategic pivot toward data center development.…

🔵After nearly two years of lagging behind, mining company stocks have begun to outpace Bitcoin’s performance. According to Ecoinometrics, since September 2025, the growth rate of publicly traded…