I've noticed something interesting in recent days while looking at network data. Bitcoin's hashrate has recorded its first quarterly decline in 6 years, and it's clearly related to what's happening in the AI sector.

Miners are gradually abandoning Bitcoin mining to redeploy their resources toward GPUs and AI servers, which are currently generating much higher margins. This is a trend that has been accelerating over the past few months. Bitcoin mining is becoming less attractive compared to the opportunities presented by AI infrastructure.

What we often forget is that miners are primarily entrepreneurs. When Bitcoin mining profitability decreases and AI revenues explode, the choice becomes obvious. This is the first time in 6 years that we've seen such a correction, so it really marks a turning point in the industry.

The Bitcoin network remains stable, but it shows how quickly capital allocation dynamics are changing in this space. Interesting to watch.