Publicly Listed Bitcoin Miners Experience 13.4% Decrease in Hashrate

The hashrate of publicly listed Bitcoin mining companies decreased by 13.4%, dropping from 368.3 EH/s in Q4 2025 to 319 EH/s in Q2 2026. During the same period, the overall hashrate of the Bitcoin network fell by 10.6%. The hashrate indicates the computational power required for Bitcoin mining, with higher numbers signifying more mining equipment connected. The decline among publicly listed miners was greater than that of the overall network, with the hashrate of all miners except Bitdeer decreasing by 21.2%. This is interpreted as some miners reducing their equipment operations while others absorbed the remaining capacity. It has been suggested that the economic viability of mining is weakening, and that AI and HPC infrastructure are competing with Bitcoin mining. According to Blockspace, the average network hashrate for Bitcoin over the past 30 days has decreased by 6.3% quarter-on-quarter, recording approximately 940 EH/s. The Bitcoin holdings of publicly listed miners are also on the decline, with 28,000 Bitcoins sold this year. This is seen as a signal that the Bitcoin mining sector is being reevaluated in relation to the power infrastructure industry and the AI data center market.

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