Mining companies stop mining BTC and switch to AI? Cipher and Hut 8 stocks soar directly, miners finally realize that "electricity costs" are the true core of the universe

Previously, the most favorite thing for mining companies to say was:
"We believe in Bitcoin's future."
Now their new catchphrase is:
"AI computing power demand is huge."
In plain language:
— Mining is less profitable than selling electricity.
Recently, after Cipher, Hut 8, and other mining companies collectively shifted to AI data centers, their stock prices hit all-time highs.
The market suddenly realized:
The real money isn’t in BTC.
It’s in being the “landlord” for AI.
What did mining farms look like before?
Like laborers secretly panning for gold deep in the mountains.
Every day, listening to the roar of mining machines, silently wishing “Bitcoin will go up a little.”
Now it’s different.
After AI arrived, mining farms suddenly upgraded from “coal barons” to “computing power real estate developers.”
Especially after Nvidia ignited AI, the whole world is scrambling for GPUs, electricity, and data centers.
At this moment, mining companies suddenly realize:
Their most valuable asset isn’t the mining machines.
It’s—electricity.
So the market logic has changed instantly.
Previously, investing in mining companies meant betting on BTC prices.
Now, investing in mining companies means:
“Do you have the chance to supply power to AI companies?”
The most absurd thing is, many mining companies that transformed into AI are even more stock-boosting than when mining BTC.
It’s like someone who couldn’t get a government job for years suddenly making a fortune through live-stream sales.
And behind this, a harsh reality is revealed:
BTC mining is increasingly resembling “traditional manufacturing.”
Profit is transparent;
Competition is fierce;
Cycles are terrifying.
But AI computing power?
Now it’s a “global frenzy.”
Capital naturally prefers to tell new stories.
So don’t be surprised if more and more mining companies “lose their main business” in the future.
Because Wall Street never cares what you mine.
It only cares about:
Who can make the next round of FOMO sound #24h加密合约清算破4亿美元 sexier.