NewsSignals AI analysis·Beincrypto·
Bitcoin Miners Are Leaving for AI. So Why Is Hash Rate Near a Record?
Grade Abullish AI signal$BTC$BTDR$RIOT$IREN
Bitcoin’s hash rate has rebounded to roughly 1.06 ZH/s, just 6.5% below its all-time high, despite major public miners shifting capacity toward AI.
Bullish strength: 72/100
- Hash rate recovery suggests Bitcoin network security remains resilient despite public miners pivoting to AI.
- Mining difficulty rose 5.92% to 140.58 trillion on October 16, with another 5%–6% increase projected.
- Bitdeer’s self-mining hash rate climbed to 82.3 EH/s in September from 35 EH/s a year earlier.
- Private operators and expanding mining activity in Ethiopia, Paraguay, and Oman are helping replace departing capacity.
Bearish strength: 28/100
- BTC trades about 37% below its $126,210 peak.
- Hashprice fell roughly 11% in a month to about $36 per petahash per day, pressuring miner profitability.
- Rising mining difficulty could squeeze margins further if BTC fails to climb.
- IREN plans to retire approximately 23.2 EH/s of mining capacity by December 31.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.