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M.Mamoon Khan
Listed Bitcoin miners’ hash rate fell from 368.3 EH/s in Q4 2025 to 319 EH/s in Q2 2026, down 13.4%.
Excluding Bitdeer’s expansion, the group’s hash rate dropped 21.2%, sharper than the network’s 10.6% decline.
Shift toward AI/HPC workloads and weaker mining economics drove the contraction.
Will AI competition for power reshape the future of Bitcoin mining?
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