Update
Bitcoin Mining Industry Shifts Focus to AI Infrastructure
Bitcoin's mining industry is experiencing a downturn, with mining difficulty remaining 5% below its October 2025 peak. This marks the longest stretch without a new record in its history. Companies like Core Scientific are pivoting from Bitcoin mining to AI and high-performance computing, leading to a significant increase in colocation revenue. Despite challenges, this trend may not be bearish for Bitcoin, as reduced mining attractiveness could lead to increased capital flowing directly into Bitcoin, potentially alleviating criticisms regarding electricity consumption.