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Bitcoin mining hashrate hits longest decline as firms shift focus to AI and HPC infrastructure.

Market News
02 Sep 2026
Blockonomi
View Source
Neutral
pluang ai news

Bitcoin's network hashrate peaked near 1.3 zettahashes late last year before entering its longest-ever decline, marking the first hashrate bear market in its history. Nearly all publicly traded Bitcoin mining companies are moving away from large-scale mining toward artificial intelligence (AI) and high-performance computing (HPC) infrastructure, reflecting new opportunities beyond traditional mining. Twenty One Capital CEO Rapha Zagury highlighted that this shift offers miners flexibility to support power grid stability while pursuing diversified revenue streams. This transition signals a major change in the Bitcoin mining industry, with implications for energy use and mining economics going forward.

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Sumitomo shifts to diversified growth, Q1 2026 profits rise sharply, valuation may re-rate.

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Sumitomo is transforming from a commodity-reliant company into an efficient capital allocator focused on diversified growth sectors like Digital AI and SCSK. In Q1 2026, it reported a 9% revenue increase, 29.2% rise in underlying profit, and 13.2% gr...

Company Fundamentals
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Bitcoin ETFs see biggest inflows of 2026 in August, but September starts with notable outflows.

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Neutral
4 hours ago
Japan's Remixpoint sells all altcoins, shifts fully to Bitcoin with ¥117M profit

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Market News
Bullish
4 hours ago
Privacy coins Zcash and Monero surged in August on major upgrades and new trading options.

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In August, privacy-focused cryptocurrencies Zcash (ZEC) and Monero (XMR) saw significant gains, with ZEC rising 82% following the launch of Grayscale's spot ZCSH ETF on NYSE Arca, and XMR increasing 40% due to the introduction of native swaps on THOR...

Market News
Bullish
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Yatsen reports 5.1% revenue growth but Q2 net loss widens to RMB90.8M amid strategic shift to skincare focus

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Yatsen Holding Limited posted a 5.1% increase in total net revenues to RMB1.14 billion in Q2 2026, driven by a 40.4% surge in skincare brand sales which now represent over 70% of revenue. However, the company reported a net loss of RMB90.8 million, w...

Company Fundamentals
Bearish
4 hours ago
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