Bitcoin Hashrate Hits Four-Month Low as Competition for Power with AI Firms Intensifies

According to data from cryptocurrency data provider Hashrate Index, Bitcoin's (BTC) hashrate fell to 991 EH/s (seven-day moving average) on January 18, marking the first time since mid-September last year that it has dipped below one zettahash (ZH/s). The peak was recorded at 1,157 EH/s on October 19, but it has since fallen by approximately 15%.

The hashrate is an indicator of the total computational power of the Bitcoin network, representing the number of hash calculations that miners can perform in one second. A higher number indicates stronger network security...