Mining companies retreat, BTC pivots to AI—capital is shifting positions
Yesterday, people were still discussing BTC moving sideways; today, mining companies have already begun to pull back. Core Scientific announced it will exit Bitcoin mining by year-end and shift entirely to AI. This isn’t an isolated company decision—it’s a sign that capital is leaving mining pools. As mining capital exits, BTC loses a source of sustained buying pressure, and miners are less willing to hold their coins.
ETH is testing the waters around $2,234, while SOL fluctuates around the $90 mark. Money isn’t standing still; it’s changing positions. Mining is winding down as AI expands, and capital is flowing from BTC infrastructure into the new computing-power sector. Sector rotation has already begun.
I don’t think this trend will reverse in the short term. Mining companies can count on their earnings more than on holding coins, AI server orders are booked through next year, and Bitcoin’s marginal mining costs are rising. Old Ma’s Puppy said it long ago: capital follows certainty. It doesn’t get attached to the battlefield—it only cares where it lands.
Tonight, watch to see whether BTC can hold the key level. If it can’t, don’t chase with buy orders.
🐶 Come check out Old Ma’s Puppy ✨🚀
Yesterday, people were still discussing BTC moving sideways; today, mining companies have already begun to pull back. Core Scientific announced it will exit Bitcoin mining by year-end and shift entirely to AI. This isn’t an isolated company decision—it’s a sign that capital is leaving mining pools. As mining capital exits, BTC loses a source of sustained buying pressure, and miners are less willing to hold their coins.
ETH is testing the waters around $2,234, while SOL fluctuates around the $90 mark. Money isn’t standing still; it’s changing positions. Mining is winding down as AI expands, and capital is flowing from BTC infrastructure into the new computing-power sector. Sector rotation has already begun.
I don’t think this trend will reverse in the short term. Mining companies can count on their earnings more than on holding coins, AI server orders are booked through next year, and Bitcoin’s marginal mining costs are rising. Old Ma’s Puppy said it long ago: capital follows certainty. It doesn’t get attached to the battlefield—it only cares where it lands.
Tonight, watch to see whether BTC can hold the key level. If it can’t, don’t chase with buy orders.
🐶 Come check out Old Ma’s Puppy ✨🚀