Shocking news, everyone: Core Scientific is officially "quitting the game" of Bitcoin mining at the end of 2026 to get into AI!
Turns out mining "digital gold" isn't as lucrative as renting out space for AI servers. Coin-mining revenue fell from $57 million to just over $12 million, accounting for a mere 7.5% of total revenue. Talk about "AI up, BTC down"!
Analysis for traders: As "whale" miners pivot to AI amid rising electricity costs and political pressure, the supply of newly mined BTC could be affected. What should traders do? Don't panic! Diversify your portfolio into promising tech/AI tokens while maintaining your BTC position. This is not financial advice.
Sign up for a new Binance account and enter code VINHTOCDO or use this link: https://www.binance.com/register?ref=VINHTOCDO to claim your offer!
Click Trade below to support me:
$BTC
$FET
$RENDER
#CoreScientificExpectsToExitBitcoinMiningByYearEnd2026 #BitcoinMining #ArtificialIntelligence #CryptoNews #Web3
#VINHTOCDO
Turns out mining "digital gold" isn't as lucrative as renting out space for AI servers. Coin-mining revenue fell from $57 million to just over $12 million, accounting for a mere 7.5% of total revenue. Talk about "AI up, BTC down"!
Analysis for traders: As "whale" miners pivot to AI amid rising electricity costs and political pressure, the supply of newly mined BTC could be affected. What should traders do? Don't panic! Diversify your portfolio into promising tech/AI tokens while maintaining your BTC position. This is not financial advice.
Sign up for a new Binance account and enter code VINHTOCDO or use this link: https://www.binance.com/register?ref=VINHTOCDO to claim your offer!
Click Trade below to support me:
$BTC
$FET
$RENDER
#CoreScientificExpectsToExitBitcoinMiningByYearEnd2026 #BitcoinMining #ArtificialIntelligence #CryptoNews #Web3
#VINHTOCDO
