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Opinion: Insights from the Las Vegas Bitcoin 2026 Conference, the Decline of Mining and the Rise of AI, the Mining Industry Undergoing Structural Migration (Author: Heart of Computing Power)
The 2026 Bitcoin Conference scene saw a sharp drop in popularity, as the traditional mining industry is undergoing a major structural shift toward AI computing power.
Limited by high electricity costs and sluggish computing power prices, leading publicly listed mining companies like MARA, Bit Deer, and Riot are selling their Bitcoin holdings and transforming their mining farms into more profitable AI data centers, signing hundreds of billions of dollars in computing power contracts.
Meanwhile, Chinese modular data center solutions with rapid deployment advantages are highly favored by North American capital in this transition.
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