Single coin loss of 19,000 USD? Bitcoin mining companies are quitting and directly turning to AI

Now the mining cost has flipped too severely, the survival rule for mining tycoons has become:

Sell $BTC for cash ➡️ Crazy investment in HPC data centers ➡️ Transform into AI computing power suppliers.

CoinShares revealed that these listed mining companies have already engaged in over 70 billion USD of AI collaborations. In the past, it was a competition of who could mine more, now it's a competition of whose computing power can feed the large models. The big reshuffle in the mining sector has begun.