According to CoinMeta, as reported by CryptoQuant, Bitcoin miners on Wall Street are turning to artificial intelligence, leading to a decline in demand for Bitcoin. Five miners have signed AI contracts worth over $50 billion, resulting in a 47% reduction in BTC production. Nevertheless, since August, computing power has still increased by about 105 EH /s, which is an 8.8% decrease from the historical high. Meanwhile, private, sovereign, and non-U.S. miners are quickly filling this gap.