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just saw that CleanSpark sold off like 97% of their February bitcoin stash to fund an AI pivot. that's a pretty wild move for a mining company lol. so they basically mined all those coins and then immediately sold almost everything to chase the AI hype?
feels like a big bet that AI infrastructure is gonna be more profitable than just holding bitcoin long term. i get it from a business perspective, but imagine if they'd just held those coins instead. though i guess they need the cash flow for their new operations.
kinda interesting how quickly mining companies are shifting gears. not just hodling anymore, they're actively trading their production to fund other ventures. wonder if this pays off or if they'll regret selling at these levels. what do you think – smart pivot or they're chasing the wrong trend?