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Bitcoin mining power shifts as some miners cut hashrate for AI, others expand in Q1 2026

Market News
15 May 2026
Bitcoin
View Source
Neutral
pluang ai news

In Q1 2026, Bitcoin's network hashrate dropped from 985 EH/s to 873 EH/s, with major public miners showing a slight overall decline but significant redistribution. Companies like Core Scientific, IREN, and Cipher Digital reduced mining capacity to repurpose infrastructure for AI and high-performance computing, while others such as Bitdeer, MARA, and American Bitcoin expanded their mining operations. This shift reflects a broader trend where miners prioritize AI infrastructure for more stable returns, signaling a strategic pivot in the industry. The balance remains for now, but the evolving dynamics could reshape Bitcoin mining economics in coming quarters.

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