Aug 31, 2026 12:15 PM
Bitcoin mining is a failing business, and the industry’s biggest names are quietly abandoning it for AI. Billionaire Dan Loeb is betting millions on "miners" that are now just AI data centers in disguise. Even Jack Dorsey’s Block fired 4,000 employees because AI made them redundant. If the future of crypto depends on mass layoffs and pivoting to a different industry, is the Bitcoin dream officially dead? Or is AI the only thing keeping these companies alive? What’s your take?
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