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The founder of StandardHash named the reason for the fall in Bitcoin hashrate, 2026/01/19 12:53:30
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For the first time since mid-September, the computing power of the Bitcoin network dropped below 1000 EH/s. This is due to fundamental changes in the mining industry, said Leon Lyu, founder of the StandardHash platform.
Miners are redirecting their power en masse to servicing artificial intelligence solutions, as they expect to receive higher income from such operations, Liu said.
This is one of the most serious crises in the Bitcoin mining industry. As revenues fall, even companies with new equipment and low electricity rates are operating on the brink of breaking even.
“While manufacturers tap into their excess capacity, the net hashrate outflow confirms the enormous pressure on miner profitability. AI is not just a trend; it competes aggressively for the grid,” Liu explained.
In such conditions, the infrastructure of mining centers is becoming increasingly in demand among companies developing solutions based on artificial intelligence.
A number of manufacturers, including Bitmain, can deploy excess capacity through opaque schemes. Because of this, publicly disclosed hashrate data may underestimate actual power, Liu suggested.
Earlier, specialists from the American banking conglomerate JPMorgan said that the Bitcoin mining industry is going through a cleansing stage: weak players who do not have access to cheap electricity are leaving the market, and large companies are increasing their presence.
