Bitcoin · CryptoSlate
Bitcoin’s 316-day hashrate drought shows why AI could make this mining downturn harder to reverse
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Bitcoin’s hashrate has spent 316 days below its record as miners redirect power toward AI.
Key facts
- By Aug. 31, Hashrate Index put seven-day hashrate at 915 EH/s, up 3.3% from 886 EH/s a week earlier
- Hashprice had also improved to $39.36 per petahash per second per day, above its 30-day average of $34.63
- IREN cut installed self-mining capacity from 50 EH/s in June 2025 to 23.2 EH/s by June 2026 as it decommissioned miners and redirected power and data-center infrastructure toward AI Cloud Services
- MARA reported 70.3 EH/s of energized hashrate as of June 30, while Bitdeer reached 76.7 EH/s of self-mining capacity in July
Summary
01 Bitcoin’s seven-day hashrate average has remained below its record for 316 days, despite recovering prices and recent difficulty relief. 02 AI and HPC conversions are keeping some mining power committed elsewhere, weakening the usual hashrate rebound after Bitcoin rallies. 03 The next test is whether better hashprice and lower difficulty can restore enough idle machines to surpass the late-2025 peak. The seven-day network average stood near 914 exahashes per second on Aug. 31, about 20.6% below its October 2025 peak of 1,151.6 EH/s.