Bitcoin Hashrate Drops to Three-Week Low as Miners Reduce Reserves

Bitcoin's network computing power and miner reserves contracted as of September 26, reflecting operational headwinds across the mining sector. The seven-day average hashrate fell from 950.6 EH/s to approximately 915.8 EH/s (or 915.8 million TH/s), hitting its lowest level since September 3. Concurrently, miner balances declined by 1,530 BTC over the week to 1,192,766 BTC amid ongoing treasury distributions and capacity shifts toward artificial intelligence workloads. Despite the reduction in computing power, the Bitcoin Puell Multiple rose by 0.24 week-over-week to 1.13, indicating strengthened mining profitability relative to its 365-day moving average.