Bitcoin hash rate has increased tenfold since 2020, with a recent decline of approximately 15%. Miner capitulation has lasted nearly 60 days, and profitability has sharply decreased 📉 The breakeven electricity price has dropped from $0.12 to $0.077 per kWh, indicating increased demand for low-cost power sources in mining regions ⚡ Many mining farms are transitioning to AI cloud/IDC leasing, with an expected electricity capacity of 15.6 GW by 2070, capturing new market opportunities 🏗️ VanEck reports that a decline in hash rate often predicts positive returns over 180 days, which could be favorable for BTC 📈