Bitcoin miners are becoming AI companies and selling their BTC to pay for it.



Mining is barely breaking even right now. It costs around $80K to mine one $BTC, but Bitcoin is trading below that. The math doesn't work anymore.

So miners are pivoting to AI. Over $70 billion in AI and data center contracts have been signed across the public mining sector. Core Scientific, TeraWulf, Hut 8 they're all making massive long-term AI deals.

To fund the shift, they're selling their Bitcoin. Marathon updated its policy to allow selling. Bitdeer sold everything.

Bitfarms CEO Ben Gagnon said it straight: "We are no longer a Bitcoin company."

The market is rewarding them for it too. AI-exposed miners trade at double the valuation of pure Bitcoin miners right now.

The industry is changing fast. Most people just haven't noticed yet.
BTC1,03%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin