Five listed miners cut Bitcoin output 47% as they pivot to AI
- —Output of the five miners fell from 13,263 to 7,075 BTC year over year
- —IREN, Core Scientific and TeraWulf each saw production drop more than 50%
- —Network hashrate gained 105 EH/s from its August low
- —Private and non-US miners are absorbing the lost capacity
Why it matters: The shift of rigs and power to AI shrinks listed miners' share of output without denting network hashrate, keeping margin pressure on the sector.
Source: TokenPost