Bitcoin’s Great Unplug: $1.5 Billion in Hardware Behind the AI Pivot
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Bitcoin miners are repurposing or selling roughly $1.5 billion in hardware and infrastructure as they pivot toward AI and high-performance computing, where demand and revenue prospects may be stronger. The shift reflects pressure on mining economics and the value of miners’ access to power and data-center capacity. If it continues, it could reduce Bitcoin’s mining capacity, though the network adjusts difficulty to maintain block production.
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