Crypto News1 MIN READ
CRYPTOBEARISH
Miners Break Bitcoin Correlation: AI Pivot Drives 430% Gains as Hashrate Plunges
FG
FOMOGRAM Editorial Desk
Aug 1, 2026
EXECUTIVE SUMMARY
Bitcoin’s hashrate has slumped for 287 days, but public miners are up over 430% as markets reprice them as AI infrastructure plays rather than Bitcoin proxies.
Bitcoin’s hashrate has slumped for 287 days, but public miners are up over 430% as markets reprice them as AI infrastructure plays rather than Bitcoin proxies.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
The significant drop in Bitcoin's hashrate, coupled with miners being revalued as AI plays, suggests a bearish outlook for Bitcoin as its traditional mining value diminishes.
CRYPTO LIVE SENTIMENT: -45 / 100 • BULLISH
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