The current Bitcoin network hash rate has dropped by one-third compared to its peak in 2025. Almost every publicly listed mining company is scrambling to sign deals with AI companies, even going so far as to sell off their hoarded Bitcoin to raise construction funds. The entire industry has sold over 15,000 BTC since the beginning of this year. Back in the day, the mining circle single-handedly drove up the price of Chengdu hotpot K to double, but now it’s pretty much on the verge of extinction