Oct 8, 2026 5:18 PM
Crypto mining is a dying business. Even pioneers like CoreWeave are abandoning it for AI infrastructure because high power costs and low rewards have killed profitability. Despite Bitcoin sitting far below its $126,000 peak, the move now is to dump retail favorites like Robinhood and double down on the AI pivot—even as CoreWeave’s stock has crashed 40% this year. Is crypto mining officially over, or is this AI shift just a desperate move for stable revenue? What’s your take?
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