Bitcoin miners are in trouble. The cost to mine one $BTC is now around $80K, but the price is stuck near $70K. That means miners are losing money on every coin they produce.

The solution? They're becoming AI companies. Big miners like Core Scientific, TeraWulf, and Hut 8 have signed over $70 billion in AI contracts. These deals offer way better margins than mining right now.

To fund this pivot, miners are selling their $BTC holdings. Core Scientific plans to liquidate almost all its bitcoin. Others are doing the same. The market has already noticed—AI-focused miners trade at more than double the valuation of pure mining companies.

This shift is already affecting the network. Hashrate has dropped from 1,160 to 920 exahashes per second. More miners could exit if $BTC stays below $70K, which would actually help survivors through lower difficulty.

The big question: Will $BTC bounce back to $100K and make mining profitable again? If not, expect more miners to abandon mining for AI infrastructure. The mining industry as we knew it is disappearing.

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