Markets· ★★★· neutral·

Can the pivot to AI save crypto miners?

  • —Core Scientific to conclude hosted mining by Dec. 31, 2026
  • —TeraWulf moved capital from BTC mining to HPC data centers
  • —Bitfarms rebranded as Keel Infrastructure, exiting mining in 2026–2027
  • —BTC has outperformed all the pivoting miners year to date
Why it matters: The shift of hashpower and capacity to AI reshapes Bitcoin mining economics and the supply of compute.
Source: Protos