Large-Scale Miners Cut 20% of Capacity for AI. The Situation is That Complex
In the first half of the year, a group of major public Bitcoin miners reduced their Bitcoin mining output by 21%, according to Miner Weekly, amid a large-scale shift towards supporting artificial intelligence (AI) infrastructure. The global hashrate, reflecting mining activity, fell by 10% during this period.
Despite expansion efforts by some large players like Bitdeer, MARA, Riot Platforms, and American Bitcoin, these increases were insufficient to offset the overall decline. Excluding Bitdeer, the hashrate of the other major miners fell by 21.2%, from 324.6 EH/s to 255.9 EH/s. Bitdeer's capacity grew 44% to 63 EH/s, aided by its own SEALMINER hardware production.
The primary driver for the shift is that revenues from AI are higher, more stable, and predictable than from cryptocurrency mining. Early adopters like Core Scientific and TeraWulf already earn more from their AI segments than from mining. In Q2 2026, AI-related high-performance compute leasing accounted for 71% of TeraWulf's revenue and 83% for Core Scientific, while the rest of the sector is at an earlier stage of transition.
The global hashrate has fallen over 10% since the start of 2026, from 1040 EH/s in January to below 900 EH/s in August, with a recent 24-hour average at 888 EH/s.
cryptonews.ru昨天 19:55
