core scientific is quitting bitcoin mining by year end
$BTC at 75,677 and the miners are already packing up
mining is now just 7.5% of quarterly revenue, the rest is ai data centers
by 2027 it wants to be a pure-play data center company
the people who mine bitcoin for a living just decided the rack space is worth more than the block reward
american bitcoin still printed 126m usd in quarterly income, but that came from holding coins, not hashing them
my take: the halving does not kill miners, the power bill does, and ai pays that bill
$BTC
$BTC at 75,677 and the miners are already packing up
mining is now just 7.5% of quarterly revenue, the rest is ai data centers
by 2027 it wants to be a pure-play data center company
the people who mine bitcoin for a living just decided the rack space is worth more than the block reward
american bitcoin still printed 126m usd in quarterly income, but that came from holding coins, not hashing them
my take: the halving does not kill miners, the power bill does, and ai pays that bill
$BTC
