Bitcoin miners shift some capacity to AI as hash rate dips, but hold onto $140B in BTC reserves.

Bitcoin's hash rate fell for the first time in over five years, dropping about 4% year-on-year as miners redirect computing power toward AI infrastructure amid rising demand. Despite this shift, miners are accumulating Bitcoin, with reserves reaching $140 billion—the highest since February 2026—indicating confidence in future price gains. This strategic pivot helps miners hedge against tighter margins while maintaining exposure to Bitcoin. Institutional buying also supports a positive outlook for the cryptocurrency market.