BTC Miners Pivot to AI

Earlier coverage

• Crypto News · Published 27 Sep 2026

  Bitcoin hashrate falls to 3-week low as miners cut BTC

  In coverage record: 28 Sep 2026

  “He linked part of the reduction to mining companies directing more power and capital toward artificial intelligence computing.”

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• TechBullion · Published 20 Sep 2026

  Bitdeer Extends Its Infrastructure Strategy From Bitcoin Mining to Full-Stack AI Cloud and Model Studio

  In coverage record: 21 Sep 2026

  “As hashprice narrows the margin on mining hardware, AI workloads offer power-rich operators another source of revenue.”

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• Crypto Breaking News · Published 16 Sep 2026

  Ethiopia slashes Bitcoin mining power by 77% over hydropower shortage: report

  In coverage record: 17 Sep 2026

  “weaker mining economics may encourage some companies to redirect capital toward AI-related opportunities.”

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• Gizmodo · Published 16 Sep 2026

  Bitcoin’s Network Hashrate Is 50% Below Trend as Miners Shift to AI

  In coverage record: 17 Sep 2026

  “operators have begun repurposing their infrastructure, with some having sold off their bitcoin holdings and mining hardware to transition entirely into high-performance computing”

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• CryptoSlate · Published 16 Sep 2026

  Bitcoin miners have amassed $100 billion of AI deals, but almost none of the revenue exists yet

  In coverage record: 17 Sep 2026

  “CoinShares estimates that at least 35 EH/s is scheduled to leave publicly listed miners as those conversions continue, equivalent to roughly 4.7% of the Bitcoin network's recent 750 EH/s hashrate.”

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• Arkansas Online · Published 13 Sep 2026

  AI boom wrecks plan for US Bitcoin mining

  In coverage record: 14 Sep 2026

  “Soaring AI consumption has triggered a rush among miners to convert their facilities into data centers tailored to the industry's needs. By the end of the year, public miners are expected to generate most of their revenue from AI.”

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• Decrypt · Published 3 Sep 2026

  Bitcoin Miner Ditches Site for AI Deal That Could Top $1.2 Billion

  In coverage record: 4 Sep 2026

  “Hyperscale Data shut down Bitcoin mining operations at its Michigan data center on Tuesday to make room for an AI customer whose contract could generate more than $1.2 billion over 20 years”

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• U.Today · Published 16 Aug 2026

  Top Investor Says It's Easier to Use Gold Than Bitcoin

  In coverage record: 17 Aug 2026

  “He noted that several major Bitcoin miners are increasingly turning toward artificial intelligence infrastructure and selling computing capacity for AI workloads rather than focusing exclusively on cryptocurrency mining. In Gerber's view, GPUs have a more important role in powering artificial intelligence than in supporting blockchain networks, raising the possibility that Bitcoin's strongest days could be behind it.”

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• Hindustan Times · Published 16 Aug 2026

  Why bitcoin could lose its edge to AI stocks over the next 5 years

  In coverage record: 17 Aug 2026

  “Bitcoin does not operate like a traditional company and does not generate revenue or earnings from selling products and services. AI stocks can potentially offer both business growth and rising share prices, while Bitcoin's value mainly depends on what investors are willing to pay for the cryptocurrency.”

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• Crypto Breaking News · Published 13 Aug 2026

  Bitcoin Miners’ Hashrate Drops 13.4% as AI Infrastructure Revenue Rises

  In coverage record: 14 Aug 2026

  “Weaker mining profitability is paired with escalating demand for AI infrastructure since 2022, creating incentives for some public miners to repurpose sites and shift power capacity away from Bitcoin mining entirely. The economics of mining alone are not carrying the same weight they once did.”

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• Barchart · Published 12 Aug 2026

  Mark Cuban Warns Nvidia Is 'Funding Everyone' in the AI Boom. IREN Stock Proves His Point.

  In coverage record: 13 Aug 2026

  “While AI cloud services revenue surged by 94% quarter-over-quarter, overall revenue declined due to a significant drop in BTC mining revenue... IREN also mines Bitcoin, but has halted further expansion of its crypto-mining capacity.”

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• International Business Times · Published 12 Aug 2026

  The Last Cheap Watt: Where Bitcoin Mining Goes When Data Centers Take the Grid

  In coverage record: 13 Aug 2026

  “The competitor for the same socket is no longer only another cryptocurrency mining operation. It is AI infrastructure, and the same substations that once attracted mining sites are being reviewed for data centers with contracted customers, higher uptime requirements, and different pricing logic.”

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• Crypto Breaking News · Published 6 Aug 2026

  Bitcoin Miners’ AI Move Fails to Impress Wall Street Investors

  In coverage record: 7 Aug 2026

  “The average stock move on announcement day fell from roughly 24% for the earliest deals to about 10% for the most recent ones. Median gains also declined by around half over the same period, even as the reported size and value of the contracts increased.”

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• CryptoSlate · Published 5 Aug 2026

  TeraWulf’s Bitcoin mining revenue fell 73% as AI related leases reached 71% of sales

  In coverage record: 6 Aug 2026

  “Prager argued that the firm's control of power infrastructure would become more valuable as electricity access constrains AI development.”

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• CoinDesk · Published 1 Aug 2026

  Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot

  In coverage record: 2 Aug 2026

  “This time around, the plunge is more mining economics-based. Luxor's Hashrate Index attributed it to falling bitcoin prices, compressed mining revenue and the diversion of capital, power and operators toward AI and high-performance computing infrastructure.”

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• CryptoSlate · Published 29 Jul 2026

  Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting

  In coverage record: 30 Jul 2026

  “Core Scientific, a longtime Bitcoin miner now converting sites for AI computing, reported a negative 56% self-mining gross margin in the second quarter as its colocation business generated sharply higher profit. The Q2 loss strengthens the economic case for that strategy.”

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• The Economic Times · Published 28 Jul 2026

  Bitcoin miner and AI firm Ionic Digital valued at $2.25 billion in Nasdaq debut

  In coverage record: 29 Jul 2026

  “Ionic's business may not have a large moat, but I wouldn't put it in the same category as Allbirds or Hoth, which look more look like last-ditch efforts to salvage some value by jumping on the AI bandwagon.”

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• CoinDesk · Published 24 Jul 2026

  Bitcoin steady around $65,000 as 'Mag 7' have worst day since 2025

  In coverage record: 25 Jul 2026

  “Bitcoin's miners have rebuilt themselves as AI data-center operators, so a sustained retreat from AI spending would eventually reach them, and the connection may simply be slower to transmit than it is on the way up.”

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• Bitcoin Magazine · Published 20 Jul 2026

  Bitcoin Miner Hut 8 Shares Jump On $9.8 Billion AI Data Center Deal

  In coverage record: 21 Jul 2026

  “a number of Bitcoin miners have instead marketed themselves as 'compute' or 'digital infrastructure' companies while switching between minting digital coins and providing compute for AI — depending on which is more profitable.”

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• CoinDesk · Published 17 Jul 2026

  Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark

  In coverage record: 18 Jul 2026

  “Bitcoin miners have spent two years repositioning themselves as AI data center landlords, signing long-term leases with model developers on the assumption that demand for training and inference compute keeps rising. That thesis prices in scarcity. If frontier capability turns out to be available for free from an open-weight model that runs on less, the tenants have less reason to sign, and the miner-to-AI pivot that has carried several public bitcoin companies loses its floor.”

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• CryptoSlate · Published 15 Jul 2026

  Bitcoin miner AI pivot hits roadblock with New York 50 MW permit freeze

  In coverage record: 16 Jul 2026

  “Bitcoin miners are positioned to supply some of the most constrained parts of that buildout...Miners are accepting those costs because AI contracts can run for 10 years or longer, offering revenue visibility that Bitcoin mining cannot provide. Mining income fluctuates with cryptocurrency prices, network competition, and periodic reductions in the block reward.”

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• Crypto Breaking News · Published 9 Jul 2026

  Bitcoin Miner AI Pivot Spurs Investor Scrutiny After Insider Sales

  In coverage record: 10 Jul 2026

  “The AI infrastructure theme—centered on data centers, power assets, and partnerships with hyperscalers—helped re-rate valuations across parts of the sector, but momentum has cooled as broader AI and chip equities have pulled back.”

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• Benzinga · Published 4 Jul 2026

  Bitcoin Mining Stocks IREN, RIOT, and MARA Slide as AI Pivot Faces Fresh Headwinds

  In coverage record: 5 Jul 2026

  “Bitcoin miners pivoting to AI face competition from larger neocloud companies like CoreWeave and Nebius, which have received backlogs worth over $99 billion and $50 billion, respectively. Most Bitcoin mining companies have all entered the scene, raising competition concerns.”

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• CoinGape · Published 22 Jun 2026

  BlackRock Director Reveals "Most Important" Factor For Next Bitcoin Rally

  In coverage record: 23 Jun 2026

  “Capital has been increasingly directed to opportunities that focus on AI, according to Mitchnick. Consequently, other asset classes have been less popular with investors. He described AI as 'sucking a lot of the oxygen out of the room,' which have believed has reduced demand for assets outside that theme.”

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• U.Today · Published 11 Jun 2026

  Binance Lists Ethereum's Largest Treasury BitMine; XRP Loses $1 Billion ETF Threshold Despite Record Lock Up; Shiba Inu (SHIB) Eyes Regulatory Breakthrough via Japan's New Framework

  In coverage record: 12 Jun 2026

  “Crypto Market Outlook: Heavy macro pressures and money moving into AI IPOs pulled BTC down to a four-month low between $59,000 and $62,580.”

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• Crypto Breaking News · Published 10 Jun 2026

  Bitcoin mining margins slump to record lows as BTC hovers near $60K

  In coverage record: 11 Jun 2026

  “Bernstein analysts have argued that the primary bottleneck for scaling AI data centers is electricity, a constraint that has prompted some miners to repurpose parts of their power assets to support AI workloads rather than pure mining.”

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• ZeroHedge · Published 7 Jun 2026

  Short-Term Bitcoin Holders Are Realizing Their Largest Losses On Record; Most Oversold Since 2018 Collapse

  In coverage record: 8 Jun 2026

  “Analysts claim this liquidity drain also contributed to Bitcoin's recent weakness.”

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• CoinDesk · Published 7 Jun 2026

  AI, tech IPOs, quantum, Strategy sale fears all converge, NYDIG says

  In coverage record: 8 Jun 2026

  “The AI trade sits near the top of his list as bitcoin is increasingly competing for capital with a sector that has become the market's dominant growth story.”

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• Crypto News · Published 6 Jun 2026

  Why Bitcoin miners are becoming AI data centers

  In coverage record: 7 Jun 2026

  “The 15,000-plus Bitcoins that miners have sold to fund their AI transitions are real supply hitting the market, and it comes from a cohort that used to be reliable holders.”

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• Decrypt · Published 6 Jun 2026

  Bitcoin Has Dumped All of Its Gains Since Trump Was Reelected-And Then Some

  In coverage record: 7 Jun 2026

  “Though Saylor did not comment on whether his firm played a role in the downturn, he did cite what he described as a 'historical' capital rotation out of crypto and into AI—evidenced by more than $4 billion in ETF outflows in less than a month—as a key reason that BTC has fallen.”

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• CoinDesk · Published 5 Jun 2026

  BTC falls below $60,000 to weakest price since October 2024

  In coverage record: 6 Jun 2026

  “Investors pulled capital from the sector, instead allocating it to the red-hot artificial intelligence trade and related stocks.”

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• Gizmodo · Published 5 Jun 2026

  Bitcoin Price Hits Lowest Level Since Before Trump's 2024 Election Win

  In coverage record: 6 Jun 2026

  “While some say the recent bitcoin price weakness has to do with bitcoin treasury company Strategy’s recent sale of a miniscule percentage of their overall bitcoin holdings, others within the industry say the recent sell pressure has more to do with bitcoin holders wanting to gain more exposure to the AI industry.”

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• TechStartups.com · Published 5 Jun 2026

  Bitcoin crashes to $59,000 as worst week since 2022 sparks fears of deeper crypto selloff

  In coverage record: 6 Jun 2026

  “Some market observers believe Bitcoin is losing capital to other parts of the market. 'Speculators are going all-in on AI stocks and memory chips, especially in Korea, and the market also anticipates that upcoming monster IPOs will divert some retail money into the new stocks.'”

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• Benzinga · Published 5 Jun 2026

  Money Is Flowing into AI Stocks While Bitcoin Liquidates

  In coverage record: 6 Jun 2026

  “As Bitcoin fails key support levels, its opportunity cost relative to AI stocks rises. Investors see diminished prospects in Bitcoin.”

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• CoinGape · Published 5 Jun 2026

  Breaking: Bitcoin Price Crashes To $59K For The First Time Since In 2 Years

  In coverage record: 6 Jun 2026

  “Saylor noted that the growth in the AI sector could have contributed to the market selloff alongside spot Bitcoin ETF outflows.”

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• Benzinga · Published 5 Jun 2026

  Bitcoin Taps $60,000, Ethereum, XRP Fall Up To 9% In Painful Crypto Sell-Off

  In coverage record: 6 Jun 2026

  “Analysts said Bitcoin is losing the short-term 'store of value' battle to AI compute.”

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• U.Today · Published 4 Jun 2026

  Strategy's Saylor Explains Why AI Boom Ruins Bitcoin

  In coverage record: 5 Jun 2026

  “According to Saylor, the current downtrend is not caused by a systemic crisis or a loss of confidence in digital gold, but by the largest global liquidity rotation into the artificial intelligence sector in history.”

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• CoinGape · Published 4 Jun 2026

  Crypto Market Loses $2 Tln, Michael Saylor Explains Why

  In coverage record: 5 Jun 2026

  “Saylor argued that the recent price declines reflect capital rotation rather than a fundamental breakdown in Bitcoin’s long-term thesis.”

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• CNBC · Published 4 Jun 2026

  Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates

  In coverage record: 5 Jun 2026

  “It's clear bitcoin is losing the competition for incremental speculative capital.”

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• Decrypt · Published 4 Jun 2026

  Strategy's Michael Saylor Blames 'Capital Rotation' Into AI as Bitcoin Dives 13%

  In coverage record: 5 Jun 2026

  “Michael Saylor pointed to the unprecedented AI buildout as a reason for Bitcoin's recent decline.”

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• Crypto News · Published 3 Jun 2026

  Bitcoin miners face fresh pressure as BTC nears key support despite $1B May revenu

  In coverage record: 4 Jun 2026

  “Falling Bitcoin prices are reducing miner profitability. As Bitcoin price trades close to the important $65,000 support area, mining profitability has continued to deteriorate.”

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• CoinDesk · Published 2 Jun 2026

  BTC may face deeper losses as capital chases AI stocks, K33 says

  In coverage record: 3 Jun 2026

  “Much of the market views the opportunity cost of holding BTC as too high while anything AI-related soars.”

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• Natural News · Published 31 May 2026

  Bitcoin Hash Rate Flattens as Miners Face AI Squeeze, Fidelity Report Says

  In coverage record: 1 Jun 2026

  “Publicly traded bitcoin miners are increasingly pivoting toward AI data center workloads, a development that some analysts call a historic mistake and others see as a necessary adaptation. A ZeroHedge analysis warned that miners 'are dumping crypto for AI' and that the shift could undermine the Bitcoin network's security model.”

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• Benzinga · Published 28 May 2026

  Anthony Pompliano Sees Bitcoin Hitting $1 Million 'If The US Government Does Not Stop Printing Money'

  In coverage record: 29 May 2026

  “Pompliano attributed Bitcoin's recent underperformance to several factors: Traders chasing AI and semiconductor momentum Wall Street taking a larger role in Bitcoin price discovery.”

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• Bitcoin Magazine · Published 28 May 2026

  Bitcoin Miners Face AI Squeeze As Hash Rate Flattens And Network Enters New Security Phase, Fidelity Says

  In coverage record: 29 May 2026

  “Fidelity noted the 30‑day average hash rate and mining difficulty are each down roughly 8–9% from earlier highs—before a modest rebound—suggesting miners may be redirecting power and infrastructure toward higher‑margin AI data center workloads.”

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• U.Today · Published 15 May 2026

  Strive's Bitcoin Buy Rivals Strategy

  In coverage record: 15 May 2026

  “As reported by U.Today, MARA Holdings has dramatically reduced its reserves. The firm has sold 3,386 BTC as part of its widely reported AI pivot.”

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• Decrypt · Published 15 May 2026

  Bitcoin Miner IREN Closes $3 Billion Convertible Notes Offering to Fuel AI Transformation

  In coverage record: 16 May 2026

  “Major Bitcoin mining firms have broadly embraced the growing demand for AI compute, with many signing multi-billion-dollar deals—and some, like Keel Infrastructure (formerly Bitfarms) completely shuttering their mining businesses.”

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• Barchart · Published 13 May 2026

  A $3.4 Billion Reason to Buy IREN Stock Here

  In coverage record: 13 May 2026

  “The decline was largely driven by lower Bitcoin mining revenue as the company continued decommissioning mining hardware to prepare data center capacity for GPU deployments tied to AI cloud contracts.”

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• Benzinga · Published 17 Mar 2026

  Has AI Killed Bitcoin? Debate Erupts As Crypto Influencer Says Data Centers Outbid Miners For Power

  In coverage record: 17 Mar 2026

  “Neuner stated in an X post that AI has 'killed Bitcoin forever' by outbidding for electricity. 'Both industries compete for the same thing: electricity. And right now, AI is willing to pay much more for it,' Neuner added.”

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