Analysts: Bitcoin hashrate falls to a 4-month low as AI computing power demand intensifies electricity competition.

Bitcoin network hashrate has recently fallen to its lowest level in nearly four months. Hashrate Index data shows that Bitcoin's 7-day moving average hashrate has dropped to approximately 993 EH/s, the first time it has fallen below 1000 EH/s since mid-September last year, and is down nearly 15% from its peak of approximately 1157 EH/s on October 19th. Leon Lyu, founder and CEO of StandardHash, stated that the main reason for the hashrate decline is that some miners are shifting their electricity resources to AI computing services in pursuit of higher profit margins. Previously, mining media outlet TheMinerMag pointed out that 2025 will present 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 profitability metrics have improved in recent months, competition for electricity and computing resources from AI continues, putting pressure on the overall Bitcoin network hashrate. (Cointelegraph)