Despite Bitcoin's price rising by approximately 35% from its low, a clear recovery trend in hashrate has not been observed, CryptoSlate reported. The media outlet stated, "The Bitcoin network's 7-day average hashrate has been below its all-time high for 316 days. Although mining difficulty has decreased and mining profitability has improved, the hashrate rebound is limited. This is because some miners are shifting their power and data center capacity to more profitable areas such as artificial intelligence (AI) and high-performance computing (HPC)," it explained.
