Bitcoin miners are remaking themselves into AI companies and securing funds for the shift through large-scale BTC sales, CoinDesk reported on March 28.
CoinDesk cited a new CoinShares report as saying listed bitcoin mining firms sold about 15,000 BTC in the first quarter of 2026. That is seen as a move to raise money as the industry pivots to AI infrastructure. Riot Platforms sold 1,818 BTC in December and disposed of an additional 2,000 BTC in the first quarter of 2026. Bitdeer sold 6,000 BTC in February, cutting its holdings to zero.
TeraWulf sold 3,000 BTC, and Marathon Digital Holdings sold 1,700 BTC. Marathon held 48,569 BTC at the end of the first quarter of 2026, down 9.8 percent from 53,822 BTC at the end of the fourth quarter last year. Bitcoin mining costs are continuing to rise. CoinShares said the average production cost of BTC for listed miners rose to $79,995 as of the fourth quarter of 2025. With bitcoin trading around $68,000 to $70,000, that means the industry is in a situation where it is difficult to maintain sustainable profits, CoinDesk said.
Chi-gyu Hwang
delight@d-today.co.kr