Sentiment: Negative
Buy Bitcoin, Ethereum and Crypto Currencies/Coins from:
|
Binance |
|
Coinbase |
|
KUCOIN |
|
AscendEX (Formally BitMax) |
Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year
By Oluwapelumi Adejumo at 2026-10-13 05:21
Sentiment: Negative
Bitcoin miners are redirecting billions of dollars and scarce power capacity toward artificial intelligence as BTC’s downturn pushes mining profitability close to historic lows. Data from CryptoSlate shows Bitcoin trading around $64,000, nearly 50% below its October peak, while elevated network competition and weak transaction fees continue to squeeze miner revenue. Those pressures have made […] The post Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year appeared first on CryptoSlate. Continue reading...
Categories: AI
Tags: #AI #Featured #Mining #Bitcoin #Bitwise #mining
Source CryptoSlate