đ We just talked about this a couple of days ago, and now AI is taking minersâ jobs: Core Scientific is also planning to stop mining by year-end
đ Key data
- BTC 24h -0.43%, $75,935.5
- AI chip giant NVDAâs share price has recently surged 200%
- Core Scientificâs AI business revenue soared 300% in 2025
đ Analysis
ăAI mining costs are crushing traditional miningăAfter demand for AI computing power exploded, companies like NVIDIA used economies of scale to lower costs. AI chips now far outperform mining-specific chipsâand theyâre cheaper, too. In a nutshell: mining is now like plowing fields with a tractor, except there are more tractors than oxen, and they cost less.
ăIndustry transition is acceleratingăAccording to CoinDesk, Core Scientificâs AI server orders grew 500% in Q2 this year. If its AI business revenue doubles again, Bitcoin revenue will inevitably keep falling.
ăComputing power networks are taking overăTraditional mining rigs are being eaten away by AI computing networks. Computing power on rental platforms now costs less than one-third of what it did a year ago.
đĄ Conclusion
If the cost of renting AI computing power continues to fall, this thesis no longer holds. For now, Bitcoin mining revenue will most likely continue to decline at least through year-end. Consider keeping an eye on computing power rental ETFs.
This article is not sponsored by any project. The author does not hold any of the assets mentioned.
â ď¸ This is not investment advice.
#AIĂCrypto
$BTC
đ Key data
- BTC 24h -0.43%, $75,935.5
- AI chip giant NVDAâs share price has recently surged 200%
- Core Scientificâs AI business revenue soared 300% in 2025
đ Analysis
ăAI mining costs are crushing traditional miningăAfter demand for AI computing power exploded, companies like NVIDIA used economies of scale to lower costs. AI chips now far outperform mining-specific chipsâand theyâre cheaper, too. In a nutshell: mining is now like plowing fields with a tractor, except there are more tractors than oxen, and they cost less.
ăIndustry transition is acceleratingăAccording to CoinDesk, Core Scientificâs AI server orders grew 500% in Q2 this year. If its AI business revenue doubles again, Bitcoin revenue will inevitably keep falling.
ăComputing power networks are taking overăTraditional mining rigs are being eaten away by AI computing networks. Computing power on rental platforms now costs less than one-third of what it did a year ago.
đĄ Conclusion
If the cost of renting AI computing power continues to fall, this thesis no longer holds. For now, Bitcoin mining revenue will most likely continue to decline at least through year-end. Consider keeping an eye on computing power rental ETFs.
This article is not sponsored by any project. The author does not hold any of the assets mentioned.
â ď¸ This is not investment advice.
#AIĂCrypto
$BTC
