Twenty One Capital CEO: Bitcoin Faces First-Ever Hashrate Bear Market as Miners Pivot to AI

TLDR: Bitcoin hashrate peaked near 1.3 zettahashes late last year before a prolonged decline began. This marks the network’s longest stretch from an all-time hashrate high to full recovery. Nearly all public mining firms are shifting capacity from Bitcoin mining toward AI and HPC.  Zagury says mining’s flexibility lets it stabilize power grids while pursuing [...]

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