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Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year

Source: CryptoSlate
Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year

Bitcoin miners are redirecting billions of dollars and scarce power capacity toward artificial intelligence as BTC’s downturn pushes mining profitability close to historic lows. Data from CryptoSlate shows Bitcoin trading around $64,000, nearly 50% below its October peak, while elevated network competition and weak transaction fees continue to squeeze miner revenue. Those pressures have made […] The post Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a

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CoinMagnetic Team

Crypto investors since 2017. We trade with our own money and test every exchange ourselves.

Updated: July 2026

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