Source: CryptoSlate ↗
Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year
What the source reports
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 […]Th...
Read the original report on CryptoSlate ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →3 reasons Wednesday's Fed meeting is pivotal for BTC
Your day-ahead look for July 29, 2026
Bitcoin steadies above $64,000 as crypto looks to Fed interest-rate decision
BTC added 0.75% before the Federal Reserve's rate decision. Inflation at 4.1% keeps an increase firmly on the table even as oil prices ease.
Apple Sued After Fake iPhone Wallet App Drained $1.8M in Bitcoin
The suit claims Apple ranked a fake Sparrow Wallet app and put it in curated crypto collections alongside legitimate ones.