Public Bitcoin miners write down $1.1B in assets amid AI pivot
- —12 public miners wrote down about $1.1B in assets in H1 2026
- —IREN and Core Scientific accounted for nearly 89% of the writedowns
- —Miners lost about 75 EH/s of hashrate; equipment valued at $1.5B
- —IREN booked about $695M in impairments, Cipher Mining $96.1M
Why it matters: Miners are redirecting power and infrastructure to AI, cutting network hashrate and reshaping Bitcoin mining economics.
Source: ForkLog
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