Bitcoin Miners Shift Power to AI Data Centers as Costs Rise
Bitcoin miners are transitioning to AI data centers due to rising costs. IREN aims to exit mining by Dec. 2026, while Riot Platforms plans a hybrid model. TeraWulf's Q2 revenue was $44.8M, with 71% from HPC leases. Keel sold 1,085 BTC and stopped mining. Grid interconnection delays and NY's moratorium add challenges. Mining costs averaged $75,500 per BTC in Q2 2026.





