Bitcoin Hashrate Decline Nears 287 Days as Miner Stocks Surge on AI Pivot

According to Bitcoin Magazine Pro, Bitcoin’s hashrate has remained in decline for roughly 287 days, while mining difficulty is now 19.9% below its peak — the third-deepest drawdown of the ASIC mining era. Despite BTC falling about 46% over the past year, some publicly listed miners have gained more than 430%. The report attributes the divergence largely to miners shifting power and data center capacity toward AI and high-performance computing, prompting markets to increasingly value them as AI infrastructure companies rather than leveraged Bitcoin proxies.