The Bitcoin mining industry is facing significant challenges as hash price continues its downward trend, impacting profitability and prompting a shift towards diversification strategies. With rising mining costs and shrinking profit margins, many miners are reevaluating their business models, exploring opportunities in AI-powered computing and cloud services to stay afloat in a competitive market. This decline in the hash price, currently around $42 per petahash per second (PH/s), is particularly concerning for smaller miners with razor-thin margins. Consequently, some are considering shutting down operations amid worsening economic conditions. Beyond miners, this trend also affects hardware vendors and sales channels due to decreased order volumes and reduced revenue.