Miners Cut Hashrate Amid Growing AI Infrastructure Revenue

Public miners are reportedly reducing their hashrate as revenue from AI infrastructure grows. The development comes as Bitcoin remains near $64K, despite recent US PPI data not having a significant impact on prices. Short-term holders are limiting gains in the market.

The shift towards AI infrastructure revenue is seen as a growing trend in the industry. Various developments are taking place, including plans for blockchain loans and on-chain bond testing. The Bitcoin price remains stable at around $64K amid these changes.