By BOBBY OKPOSIN | march 23, 2026
The Bitcoin network hashrate has dipped below the 1 ZH/s barrier as major players move resources to artificial intelligence and high-performance computing.
With Bitcoin production costs at $88,000 and prices near $69,200, miners face unsustainable margins. Hashprice hit a record low of $27.89 per PH/s/day in February 2026.
AI hosting offers a more stable revenue stream, with some contracts generating 10x to 20x more revenue per megawatt than Bitcoin mining. Core Scientific and MARA Holdings are liquidating BTC to fund AI transitions, while Hut 8 secures a $7 billion infrastructure deal backed by Google.