Jun 16, 2026 3:02 PM
Bitcoin mining is no longer profitable. Even MARA Holdings, the world’s largest miner, is pivoting to AI after dumping $1.1 billion in Bitcoin to save its balance sheet. While they reportedly bought back a measly $66.7 million in BTC, the shift to natural gas-powered AI data centers proves that mining is a dying business. If the biggest player in the game is moving on, why should anyone else keep mining? Is Bitcoin mining officially dead, or is this just a smart pivot?
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