Crypto
Bitcoin miners shift to AI as selling pressure plunges
Selling pressure from bitcoin mining firms has weakened sharply, as miners shift power and data-centre resources to AI and high-performance computing, an analysis said. Listed miners’ active hashrate fell by about 56 EH/s in the first half, down 15 percent, compared with a roughly 10 percent drop for the overall network. Investment is large, with capital spending estimated at about $30 billion. Miner outflows have since eased, with CryptoQuant’s MPI falling to -1.2.
