Bitcoin miners are becoming AI companies and selling their BTC to fund the transition

The average public miner spent $79,995 to produce one bitcoin last quarter. Bitcoin is trading at $70,000.

Key takeaways

Quick scan — what you need to know:

• The average public miner spent $79,995 to produce one bitcoin last quarter.
• Bitcoin is trading at $70,000.
• The math doesn't work, so the industry is pivoting to AI, taking on $70 billion in contracts, and liquidating bitcoin treasuries to finance the shift.

Background

What led here, in plain terms:

• Bitcoin is trading at $70,000.
• The math doesn't work, so the industry is pivoting to AI, taking on $70 billion in contracts, and liquidating bitcoin treasuries to finance the shift.

Why it matters

Why readers and decision-makers should care:

• The math doesn't work, so the industry is pivoting to AI, taking on $70 billion in contracts, and liquidating bitcoin treasuries to finance the shift.
• The average public miner spent $79,995 to produce one bitcoin last quarter.
• Bitcoin is trading at $70,000.