I noticed that Core Scientific is actively liquidating Bitcoin — selling for $175 million. Interestingly, the company is clearly accelerating its shift from traditional mining to AI computations. It seems to be a strategic move amid the growing demand for GPUs and AI infrastructure.



Such a rapid reorientation of miners toward AI seems indicative — the industry is clearly overestimating the potential of artificial intelligence as a more profitable direction than crypto. Selling such a volume of BTC could be a signal that major players see a transitional period and are preparing capital for new opportunities.

The question is whether this will become a widespread trend among miners or just a local case. These kinds of moves warrant closer attention.
BTC-1.67%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin