[Analyst: Bitcoin Hashrate Drops to 4-Month Low as Miners Redirect Power to More Profitable AI Computing Services] BlockBeats News, January 19, according to Cointelegraph, Bitcoin network hashrate fell below 1,000 EH/s for the first time since mid-September. Analysts believe this decline is related to the growing market interest in artificial intelligence (AI). According to Hashrate Index data, the 7-day moving average of Bitcoin hashrate is currently at 993 EH/s and dropped below 1,000 EH/s last Saturday. Compared to the 7-day average peak of 1,157 EH/s recorded on October 19, the hashrate has cumulatively decreased by nearly 15%. Leon Lyu, CEO and founder of StandardHash, attributed the drop in Bitcoin hashrate to miners reallocating their computing power to AI computing services in pursuit of higher profit margins, in a post on X on Monday.