$BTC - Two major miners doubling down on AI infrastructure after mining economics deteriorate sharply.
Terawulf Q3 revenue reached 76.2M USDT but operating loss ballooned to 88.2M USDT.
IREN's bitcoin mining revenue plunged 88% year-over-year in the same period.
Both companies now redirecting capital toward high-performance computing contracts.
The shift signals mining-only models are no longer viable at current hashprice without cheap power or scale.
#Bitcoin #BTC
Terawulf Q3 revenue reached 76.2M USDT but operating loss ballooned to 88.2M USDT.
IREN's bitcoin mining revenue plunged 88% year-over-year in the same period.
Both companies now redirecting capital toward high-performance computing contracts.
The shift signals mining-only models are no longer viable at current hashprice without cheap power or scale.
#Bitcoin #BTC