Miners Flee Bitcoin as Difficulty Falls 19.9%

Bitcoin mining difficulty has taken a hit, falling by 19.9% from its peak in what is being described as a capitulation of the industry.

The decline, which ranks as the third deepest drawdown since ASICs became the standard mining hardware, is attributed to a combination of factors including a lower bitcoin price, rising energy costs, and post-halving revenue compression.

Miners are not simply waiting for higher prices; they're converting their facilities into AI data centers, marking a structural shift in how mining companies view their business.