Bitcoin Is Down 44% and Its Miners Are Up 90%. The AI Pivot Explains Everything.
WGMI rose 97% as miners signed long-term AI leases that could bring in billions in contracted revenue, according to company filings and reports.
8 Articles
8 Articles
Bitcoin's Brutal Slide Exposes Miner Pain While AI Deals Mask the Damage
Bitcoin has shed more than 40 percent of its value from recent peaks. Public mining companies, meanwhile, have posted strong stock gains in the same stretch. The disconnect tells a story of survival, adaptation and the quiet unraveling of traditional bitcoin economics. Hashrate across the network has tumbled. Difficulty adjustments have turned negative multiple times, a rarity outside major shocks like the 2021 China ban. And the Hash Ribbon ind…
Bitcoin Is Down 44% and Its Miners Are Up 90%. The AI Pivot Explains Everything.
Bitcoin miners were supposed to track bitcoin, but the biggest names in the space have quietly rewired their business models around something else entirely, and the performance gap between the coin and its miners has never been wider.
The big miners of Bitcoin (BTC) are gradually closing the tap. Pressed by dark margins and attracted by the colossal revenues of artificial intelligence, several major actors are selling their BTCs and redirecting their infrastructures to the IA calculation. A shift that is beginning to see itself on the network hashrate. L的 Bitcoin article: The miners are rotating towards the IA, the hashrate picks up first appeared on Cryptoast.
Riot Platforms signs $9B AI compute deal with Anthropic, shifts from Bitcoin mining
Riot's pivot to AI infrastructure may boost its market value, reflecting a broader trend of rising demand for AI capabilities. The post Riot Platforms signs $9B AI compute deal with Anthropic, shifts from Bitcoin mining appeared first on Crypto Briefing.
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