The reasons for this decline remain unclear. Possible factors include rising energy costs due to conflicts, reduced mining profitability, or miners shifting their focus to other areas such as artificial intelligence (AI).
It is worth noting that Bitcoin’s mining difficulty is adjusted every two weeks to maintain an average block generation time of around 10 minutes. If the average time exceeds this threshold, the difficulty decreases, and vice versa.
A clearer picture is expected once major mining companies issue official statements.