CryptoSlate: BTC up 35%, but hash rate recovery remains limited

Bitcoin’s hash rate has yet to show a clear recovery trend even after the price rose about 35% from its low, CryptoSlate reported. The outlet said Bitcoin’s seven-day average hash rate has remained below its all-time high for 316 days, and while mining difficulty has fallen and mining profitability has improved, the rebound in hash rate has been limited. CryptoSlate said some mining companies are shifting power and data center capacity to the more profitable artificial intelligence and high-performance computing sectors.