Bitcoin miners are getting squeezed right now. Hash rate is dropping as energy costs spike—and the Iran situation is making power prices even more volatile. When geopolitical tensions push oil and electricity higher, mining profitability takes a hit. Smaller operations are probably shutting down or throttling back, which is why we're seeing this dip in overall network hash activity. Interesting to watch how this plays out—if energy prices cool down, hash should recover, but if tensions escalate further, we might see sustained pressure on mining economics.