
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.

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.