Keshav Verma
Bitcoin Network Hashrate Has Compressed 18% Since The 2025 Top
The Bitcoin Hashrate has seen a significant decline over the past year, suggesting that miners have been taking computing power offline. The “Hashrate” measures the total amount of computing power connected to the BTC network. It essentially serves as a proxy for miner activity and sentiment. Given its recent trajectory, it would appear that some miners have been finding the network not lucrative enough to keep all of their capacity online. Since the 7-day SMA of the metric reached its 2025 peak, its value has declined by more than 18%, a pretty significant figure. There are multiple factors behind the decline. The obvious one is naturally the bear market, but another significant factor is the rise of AI datacenters. Several major public miners have been exiting Bitcoin mining or pivoting away from it in favor of AI and high-performance computing (HPC), where the enormous influx of capital has created potentially more lucrative opportunities for their power and data-center infrastructure.