[Bitcoin has been abandoned by the “mining bosses”—and you’re still watching the price?]
Honestly, these days the BTC at that $ 64242 level has been swaying around and leaving me a bit dizzy.
Down 1.1% in a day, up 1.2% over a week, and the trading volume is so low it’s like the market is asleep. The fear index is stuck at 29—not high, not low. The whole chart gives me one word: wait.
But what I want to talk about isn’t that.
Have you noticed the moves from the mining companies these past couple of days? Riot signed a $9 billion compute contract with Anthropic, and Keel shut down a mine in the U.S. and shifted to doing AI. The mining bosses are all squeezing into AI. This isn’t just a business adjustment—it’s the entire business logic changing.
Before, the value of mining companies was tied entirely to BTC. When the coin price fell, they had to carry the burden. Now it’s different. Compute power itself can be sold to AI companies—those $9 billion deals get signed just like that. It’s still the same “mine,” but the mining company is no longer the same mining company.
So what does this shift mean in practice?
BTC might not be the only anchor point going forward. The valuation logic for mining companies will gradually move from “how many coins they mine” to “how much compute service they can provide.” Not many people are telling this story yet, but once the market realizes it, the sentiment will be different.
My own take is: this level isn’t something I should get worked up about, but this story is worth watching.
What about you? What’s your mindset right now? Are you itching to trade?
Honestly, these days the BTC at that $ 64242 level has been swaying around and leaving me a bit dizzy.
Down 1.1% in a day, up 1.2% over a week, and the trading volume is so low it’s like the market is asleep. The fear index is stuck at 29—not high, not low. The whole chart gives me one word: wait.
But what I want to talk about isn’t that.
Have you noticed the moves from the mining companies these past couple of days? Riot signed a $9 billion compute contract with Anthropic, and Keel shut down a mine in the U.S. and shifted to doing AI. The mining bosses are all squeezing into AI. This isn’t just a business adjustment—it’s the entire business logic changing.
Before, the value of mining companies was tied entirely to BTC. When the coin price fell, they had to carry the burden. Now it’s different. Compute power itself can be sold to AI companies—those $9 billion deals get signed just like that. It’s still the same “mine,” but the mining company is no longer the same mining company.
So what does this shift mean in practice?
BTC might not be the only anchor point going forward. The valuation logic for mining companies will gradually move from “how many coins they mine” to “how much compute service they can provide.” Not many people are telling this story yet, but once the market realizes it, the sentiment will be different.
My own take is: this level isn’t something I should get worked up about, but this story is worth watching.
What about you? What’s your mindset right now? Are you itching to trade?