Another bitcoin miner quietly pivots to AI after $452 million loss

The "Bitcoin dream" sold by major miners is dead; they're now actively abandoning mining for AI, even selling off hundreds of millions in BTC to fund the pivot. This isn't just a strategic shift, but a clear admission that Bitcoin mining is no longer the most profitable or stable use of their power infrastructure. Is the era of dedicated large-scale Bitcoin mining truly over?
This summary was generated by AI