Bitcoin Hash Rate Decline Reaches Record 287 Days Amid Mining Difficulty Drop

Bitcoin's hash rate has been in decline for an unprecedented 287 days, marking one of the longest periods of reduced computational power in the network's history.

This decline has led to a decrease in mining difficulty, which is currently 19.9% below its peak.

The only previous instances of such severe downturns occurred during the Chinese mining ban and were described as 'perfectly understandable' by experts.

Public miners' shares have surprisingly risen despite Bitcoin's price drop over the past year, with Hut 8 up 431%, Riot Platforms up 62%, and HIVE Digital up 37%.