Two of Bitcoin's Biggest Miners Are Quitting Mining for Good. AI Pays Better

3 hours ago 5

Rommie Analytics

Two big bitcoin miners quit mining for AI

 

Two of the biggest names in bitcoin mining just told investors they are done mining bitcoin. IREN and Core Scientific both said this week that they expect to wind down their mining operations by December 31, and from January they will be AI data center companies instead. This is not a side project or a slow pivot. Mining now brings in less than a tenth of t...

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