Bitcoin Miners Flee to AI Contracts as Hashtag Peak Fades

The Bitcoin network's hashrate reached 1,160 EH/s in early October 2025, but a subsequent price correction led many miners to seek more stable revenue via AI contracts.

Riot Platforms aims to dedicate 600 MW toward AI-focused cloud joint ventures, while Hut 8 launched five dedicated HPC data centers and an advanced GPU cloud platform.

CoreWeave signed an $11.9 billion contract with OpenAI to supply computing power, further solidifying the trend of high-performance computing in the industry.