Public Bitcoin Miners Shed 21% Hashrate as AI Colocation Revenue Surges
Public miners’ realized hashrate fell 13.4% to 319 EH/s in Q2 2026 from 368.3 EH/s in Q4 2025, outpacing the network’s 10.6% decline.
Excluding Bitdeer, the drop reached 21.2%; Core Scientific generated $136.7 million in colocation revenue versus roughly $27.5 million from mining.
TeraWulf reported $31.9 million in HPC lease revenue, accounting for 71% of total, amid sector-wide AI contracts exceeding $70 billion.
Publicly traded...