Markets· ★★★· bearish·

CoinShares: Bitcoin miners' shift to AI is now irreversible

  • At least 35 EH/s of hashrate is slated to leave public miners
  • IREN plans to fully exit BTC mining by the end of the year
  • Cipher may follow IREN by the end of 2027
  • CoinShares: a return to bitcoin mining is already unlikely
Why it matters: The hashrate outflow to AI reduces capacity supply for BTC mining and reshapes the industry, affecting network difficulty and miner economics.
Source: ChainCatcher 链捕手