Public Bitcoin miners have reduced their hashrate by 13.4%, according to a report from CoinTelegraph. This shift is attributed to the growing revenue from AI infrastructure, which is reshaping the economics of mining operations.
As a result, many operators are repurposing their power and data centers to accommodate this new revenue stream. Meanwhile, a smaller group of miners continues to expand their Bitcoin capacity.
This development highlights the evolving landscape of Bitcoin mining, where traditional mining activities are being complemented by other revenue-generating initiatives, such as AI and high-performance computing (HPC).