Bitcoin Hashrate Falls for 287 Days Straight, One of Steepest Declines Ever
Bitcoin's hashrate has declined for 287 consecutive days, the third-longest streak on record, while mining difficulty sits 19.9% below its peak. Public miner stocks have defied the trend, rising alongside an industry pivot to AI.
Bitcoin's network hashrate has been shrinking for 287 days in a row, one of the longest sustained drops in the cryptocurrency's history. Mining difficulty is now 19.9% below its all-time high, surpassed in magnitude only twice before—the most severe of which followed China's sweeping ban on crypto mining.
Despite this, shares of publicly traded miners have gained over the past year, even as bitcoin shed around 46%. Analysts link the divergence to a shift toward artificial intelligence, arguing investors increasingly see these firms as suppliers of computational infrastructure rather than pure plays on crypto prices.
Transaction fees remain a tiny slice of miners' revenue. Out of daily earnings of roughly $30 million, fees account for just about $200,000.
Source: ForkLog