[Bitcoin Hashrate Experiences Longest Sustained Decline Since Spring 2024] According to a report by Jinse Finance, VanEck published an article on January 23 stating that Bitcoin's hashrate has recently experienced its longest sustained decline since spring 2024. Bitcoin mining difficulty, estimated power consumption, and hashrate are all decreasing simultaneously. The 30-day average mining difficulty dropped by 2% from 646 to 635, while global miners' estimated power consumption decreased by 2% to 203 terawatt-hours. The 30-day moving average hashrate has fallen by 6% since its peak in mid-November 2025. This indicates that miners are shutting down their mining machines. VanEck stated that the larger, more systemic factor causing the decline in Bitcoin network hashrate stems from the deterioration of Bitcoin mining profitability. This is due to the explosive growth in power demand from artificial intelligence data centers, leading Bitcoin miners to increasingly allocate power resources to AI development.