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Crypto
Bitcoin miners increasingly exit mining as funds flow into AI and HPC
Bitcoin mining companies are increasingly shutting down mining operations and shifting to AI and high-performance computing infrastructure businesses as mining profitability deteriorates and demand for AI data centres surges. Some listed miners have effectively stopped mining, unwound equipment contracts and sold bitcoin holdings. The shift is reflected in a fall in network hashrate. Large AI and HPC deals have drawn capital, while market valuations diverge between miners with and without such contracts.
Crypto
Keel ends U.S. bitcoin mining, shifts focus to high-performance computing
Keel Infrastructure has ended all bitcoin mining operations in the United States and shifted its focus to high-performance computing infrastructure. Cointelegraph reported that the company said in its second-quarter report it halted U.S. mining operations before building high-performance computing sites. Keel’s second-quarter revenue fell 50 percent from a year earlier to $30 million, and it posted an operating loss of $141 million.
Crypto
Bitfarms to sell all bitcoin holdings as it shifts to AI business
Bitfarms plans to keep selling its bitcoin holdings until they fall to zero on its balance sheet, as it shifts its business focus to AI and high-performance computing infrastructure. The company has already begun selling part of its holdings and expects more sales. It posted realised gains of $28.2 million from bitcoin sales in 2025. Shareholders also approved moving its corporate domicile to the United States and rebranding as Keel Infrastructure, with shares to trade under the KEEL ticker.