Bitcoin mining has recently entered a really interesting phase. I just checked, and the hash rate has decreased in the first quarter of this year. Since it's the first time in six years, it's quite an unusual event.

If you think about why miners are doing this, the answer becomes clear. The AI boom is so huge that high-performance GPUs and computing resources are being diverted toward AI. Miners seem to be shifting because they believe that AI infrastructure businesses or AI-related ventures are more profitable than mining.

I've never seen the mining ecosystem change like this before, but I think it's ultimately a process where the market allocates resources more efficiently. It'll be interesting to see how the mining market reorganizes in the future.