Bitcoin hashrate just dropped roughly 100 EH/s, marking an ~8% decline from previous levels. That's massive—at around 250 TH per miner, we're talking 400,000+ machines going offline. According to industry sources, Xinjiang mining operations are pulling plug, which reshapes the competitive landscape. The US mining sector stands to gain ground. The 7-day moving average shows hashrate falling from around 1.13 EH/s, signaling a notable shift in the network's computing power distribution and regional mining dynamics.