Bitcoin has now dropped to the shutdown price for ordinary miners. What does that mean? It means the coins mined can't even cover the electricity costs. In the past, miners could grit their teeth and hold on, betting on a future rebound, but this time it's different—AI is frantically grabbing computing power. NVIDIA's GPUs are in short supply, and cloud computing power rental prices are rising. The high-end graphics cards and specialized chips in miners' hands are essentially ready cash if they switch tracks.