Wu Shuo learned that CryptoQuant data shows that Bitcoin mining companies that are deploying AI have seen their share prices rise 21% within the year, while mining companies that have not deployed AI have fallen 8%, reflecting that the stock performance of mining companies is diverging. Meanwhile, Core Scientific sold about 3,136 BTC within the year, worth about $271 million, reducing its Bitcoin reserves by more than 90%; MARA disclosed that it sold 23,093 BTC in the first half of the year, worth about $1.63 billion. In addition, the network’s true hashrate for Bitcoin dropped from a peak of about 1,101 EH/s in November 2025 to 899 EH/s in early August this year, a pullback of 18.3%, before recovering to about 934 EH/s. CryptoQuant believes that some mining companies are redirecting capital and infrastructure toward AI and high-performance computing businesses.