According to Bloomberg, as Bitcoin prices have fallen over 40% from their peak in October last year, large mining companies holding over $8 billion worth of Bitcoin are quietly accelerating their sell-offs. Unlike previous sales to cover costs, the funds from this round of selling are being reallocated to the artificial intelligence sector. Mining companies are repositioning the same mining farms, which also have the advantages of cheap electricity and capital-intensive infrastructure, as AI data center operators to achieve more predictable income streams than Bitcoin mining.

The second-largest Bitcoin holder after Strategy, MARA Holdings, is adjusting its strategy and may sell a portion of its nearly $4 billion reserves. CleanSpark and Riot Platforms have restructured their executive teams to accelerate their AI transformation. Bitdeer has liquidated its Bitcoin holdings. Analysts point out that while mining companies' sell-offs have caused market anxiety, the proceeds are being used for strategic reconfiguration rather than survival, and the profitability outlook for these mining companies is actually more optimistic.