Aug 11, 2026 2:23 PM

The era of Bitcoin mining as a primary business is dead. Riot Platforms just secured a massive $16.1 billion deal with AI lab Anthropic, proving their real value lies in power infrastructure for AI, not crypto. With mining revenue plummeting and the company dumping 4,300 BTC this quarter, it’s clear that "mining" is now just a secondary hedge for the AI boom. Is Bitcoin mining officially obsolete as a standalone industry, or is this just a temporary pivot? What’s your take?
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