CoinShares: The shift of Bitcoin miners to AI has become irreversible

Cryptocurrency asset management company CoinShares stated that the shift of Bitcoin miners to AI has reached a level that is difficult to reverse even with a native Bitcoin recovery.

At least 35 EH/s of computing power is planned to leave listed mining companies, among which the listed Bitcoin mining company IREN plans to exit by the end of the year, and Cipher may follow by the end of 2027.