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Morning Edition · Tuesday, August 18, 2026Published at 1:51 AM EDT · New York
Bitcoin Miners Cut Computing Power by a Fifth in Three Quarters to Make Room for Artificial Intelligence
One miner has warned it may face bankruptcy after an unclosed financing left $33 million of maturing notes exposed against $9.2 million of liquidity in June.
Bitcoin miners have reduced their computing power by a fifth over three quarters to free capacity for artificial intelligence workloads, CoinDesk reported, as bitcoin traded above $64,000 while most large tokens fell. The same report noted…
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Hashrate Converts to Artificial Intelligence Compute
Bitcoin mining capacity keeps converting to artificial intelligence hosting because contracted compute revenue outbids volatile block rewards for the same power and buildings, steadily shrinking the network's hashrate and separating well-capitalized operators from those that default.
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