Just noticed something interesting in the mining data - Bitcoin hashrate actually dropped in the first quarter, which hasn't happened in like 6 years. Pretty wild when you think about it. Turns out a lot of miners are moving their rigs over to AI compute instead. Makes sense economically if the margins are better right now. The hashrate situation is basically reflecting this shift in where miners think they can make more money. It's a pretty significant move because hashrate has been climbing pretty steadily before this. Some miners are probably hedging their bets between both, but the trend is clear - AI infrastructure is pulling computing power away from crypto. Interesting to see how this plays out. If hashrate keeps dropping, could have implications for network security, but Bitcoin's still plenty secure at current levels. Worth watching how long this lasts though. The hashrate dynamics might shift again if mining profitability changes.