The average public miner spent $79,995 to produce one bitcoin last quarter. Bitcoin is trading at $70,000. The math doesn't work, so the industry is pivoting to AI, taking on $70 billion in contracts, and liquidating bitcoin treasuries to finance the shift.
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from CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin miners are becoming AI companies and selling their BTC to fund the transition
March 27, 2026