Bitcoin Mining in Crisis? Major Firms Abandon Crypto for AI and HPC

Bitcoin mining firms are actively exploring the use of their mining infrastructure to create AI data centers. | Credit: Getty Images. Key Takeaways Bitcoin miners are repurposing their data centers for AI infrastructure. Firms like Core Scientific, Iris Energy, and Hut 8 are leading the pivot. AI workloads can generate 25x higher revenue per MW than Bitcoin mining. Bitcoin mining may be facing a new crisis in 2025 as the whirr of GPU clusters replaces the hum of BTC mining rigs. What began as a q ...