Bitcoin Hashrate Extends 287-Day Decline as Mining Difficulty Drops 19.9% From Peak
JH Kim
Summary
- Bitcoin’s hashrate has continued to decline for about 287 days, while mining difficulty is 19.9% below its all-time high.
- Over the past year, Bitcoin’s price has fallen about 46%, even as shares of some publicly traded mining companies have surged more than 430%.
- As mining companies redirect their power and data center capacity to artificial intelligence (AI) and high-performance computing (HPC) businesses, investors are increasingly viewing them as AI infrastructure companies.
Forecast Trend Report by Period
Bitcoin’s hashrate has continued to decline for about 287 days, while mining difficulty is 19.9% below its all-time high.
Crypto News reported on August 31 that shares of some publicly traded mining companies have surged more than 430% over the past year, even though Bitcoin has fallen about 46% in the same period.
The report attributed the divergence to a shift in how investors value the sector. Mining companies have been redirecting their power and data center capacity to artificial intelligence and high-performance computing businesses.
Investors are increasingly viewing those companies not simply as Bitcoin miners, but as AI infrastructure firms.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.