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Bitcoin Miners Shutting Down Rigs to Chase AI Revenue, Report Says

6/2/2026

Some $BTC miners are powering down their mining hardware and redirecting resources toward artificial intelligence workloads, according to a Gizmodo report, marking a notable shift in how operators are deploying capital-intensive computing infrastructure.

The Pivot Away From Proof-of-Work The move signals that at least a segment of the mining industry now sees AI compute — server rentals, GPU clusters, data center contracts — as a more attractive use of the same physical plant than grinding out block rewards.

Mining rigs and AI accelerators both run hot, consume enormous amounts of power, and require stable grid access, so the facilities themselves translate.

What changes is the revenue model: instead of selling newly minted $BTC, operators sell compute time to AI developers and cloud customers. The shift also reflects persistent pressure on miner economics.

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