Key Takeaways
CryptoSlate reports that Bitcoin's hashrate has stayed below its peak for 316 days as miners redirect power to AI and HPC.
According to CryptoSlate, Bitcoin's seven-day hashrate average has remained below its record for 316 days, marking the longest stretch without a new high in a decade. The network average stood near 914 exahashes per second on August 31, about 20.6% below its October 2025 peak. Twenty One Capital CEO Raphael Zagury described the episode as Bitcoin's first sustained economic hashrate bear market.
Despite a 34.9% price rally from late June through late August, the typical hashrate rebound has been weakened because some mining power and data-center capacity are shifting toward artificial intelligence and high-performance computing. VanEck estimated network hashrate at roughly 885 EH/s in August, with mining difficulty standing 18.3% below its November 2025 peak.
Operators like IREN and TeraWulf have redirected power toward AI and cloud services. Riot Platforms signed a long-term compute agreement with Anthropic, while companies such as MARA and Bitdeer continued expanding their mining capacity. The industry remains split between operators adding Bitcoin machines, those diverting infrastructure to computing customers, and companies pursuing both.
Source & Fact-Check Note
This report is synthesized from coverage by CryptoSlate. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at CryptoSlate ↗
