I can feel that the Bitcoin mining environment is changing significantly. Looking at recent data, the hash rate apparently decreased for the first time in six years in the first quarter. I think this is quite big news.

Currently, miners’ actions are clearly changing. There’s a visible trend of shifting not just to Bitcoin mining, but to businesses related to AI. In fact, we often hear that many mining companies are accelerating their investments in AI infrastructure.

Why is this happening? The decrease in Bitcoin’s hash rate suggests that miners’ profitability is becoming more difficult. Meanwhile, the AI boom has caused a dramatic surge in demand for GPUs and computing resources. Miners, of course, won’t miss this business opportunity.

The current mining industry can be said to be in a transitional period. Bitcoin mining is still important, but the shift toward AI has become an unavoidable trend. It’s worth keeping an eye on how mining companies will reconfigure their portfolios moving forward.

In major turning points like this, an industry shift can create new opportunities, but it can also accelerate the elimination of existing players. I think this is the kind of moment where each company’s strategy—how to balance mining and AI—is put to the test.