What Happened to Bitcoin Miners That Pivoted to AI?

Bitcoin miners turned to the growing trend of AI before mid 2024, which reduced the block rewards to 3.125 bitcoin (BTC).

Some just plunged on their feet, while others threw themselves deeper and thought about the trains, increased the loan and signed billions of dollars.

But how does it actually work on spinoff? In some cases, this step was a rescue rope that generates much needed income when their bitcoin revenues dropped. For others, it is more of a safety net that can pour up future shocks in half.

Here is a view of what happened to the largest crypt of mining companies from their Pivot AI.

AI Pivot saved this bitcoin miner

Core Scientific is one of the biggest revival stories for bitcoin miners whose AI beer has saved his fighting business.

The company asked for Chapter 11 bankruptcy at the end of 2022. It appeared at the beginning of 2024 Relist on the nasdaqHe then moved from the pure bitcoin miner to the collorocation service provider by leased data centers to AI companies. Signed for 12 years, $ 3.5 billion agreements with Coreweave In June 2024 to organize high -performance computer technology (HPC) of Coreweave.

Core scientific reported Its Q1 income dropped to $ 79.5 million, which is previously $ 179.3 million compared to the year. As the primary reasons for the decline in revenue, the slash quoted in half the bitcoins and the surgical shift to HPC hosting. The increase in the price of bitcoins because half compensated for some losses.

Related: Bitcoin nodes Profit: Will the chain divide the price of BTC?

By the end of June 2025, Coreweave renewed interviews about getting a basic scientificAfter an unsuccessful attempt to buy $ 1 billion in 2024. Reports on renewed negotiations sent Core Scientific shares rising.

AI remains side traffic for most bitcoin miners

In September 2024, when the company formally launched its ambitions AI, Aimi ambitions AI. GPU-As-A-Service offer Through the new subsidiary of Highris AI.

The pivot saw Hut 8 to deploy over 1,000 GPU NVIDIA H100 GPU-specialized chips widely used to train and operate the AI-K models of its cloud computing services AI. The start came up with a five -year agreement on fixed payments and income because the income for bitcoin miners was tightened after April 2024 event half.

To Q1 2025 had the mining of the Bitcoins of the Company Produced 167 BTCdown from 716 BTC a year ago. Although the company showed a quarterly net loss of $ 134.3 million, its CEO Asher Genoot said its financial performance was the result of deliberate investments that led to a 79% increase in its hashrat. It also has 10 273 BTCs, which is the ninth largest public cash desk for bitcoins.

AI remains a small part of the trading model of the cottage 8 because the company continues to expand its bitcoin business. Last time, American Bitcoin, a majority subsidiary Hut 8, announced an increase in $ 220 million To buy a Bitcoin mining device. The sons of US President Donald Trump are among the founders of the American bitcoin, of which 8 tastes were given a majority of the company at the end of March.

AI is a growing income cake for these bitcoin miners

Bitcoin miners like Iren and Hive are beginning to see meaningful AI income, although their books are still dominated by mining.

At the beginning of 2024, the Australian miner Iren (formerly Iris Energy) began to buy the NVIDIA GPU. Until Feb it had it signed His first contract AI driven 248 GPU. From mid -2025, the company has deployed Around 4,300 GPU. In the fourth quarter of the fourth quarter of 2025 (finished 31 March), Iren mined 1,514 BTC, out of 1,232 BTC in the previous quarter.

Meanwhile income from cloud ai climbed 33% to $ 3.6 million. The company is also preparing the AI ​​cooled liquid in Texas and a purposeful place in British Columbia, Canada, which is capable of living up to 20,000 GPUs. However, a class A court action filed in October 2024 The alleged Irena in the mistake of investors about the readiness of their facility in Texas.

Related: Bitcoin hashrate down by 15%, 26 companies add BTC to the balance sheet: June in charts

The hive started its shift AI in the middle of 2023 SA rebrand from the hive of the blockchain and focusing on computing clusters driven by NVIDIA. After timely deployment on a small scale, Hive invested in December $ 30 million in December to introduce GPUs in Quebec, Canada. Over 5,000 units were deployed by mid 2025.

For his fiscal year 2025, Hive generated $ 95.3 million, with $ 10.1 million – three -time previous year – from AI and HPC hosting. This now accounts for nearly 9% of total income.

Topcoin Miner Treasuries are not the best artists

Riot platforms and Mara Holdings are two of the biggest names in Bitcoin mining, but both now launch the foundations for the future after.

Riot began to examine the working load AI and HPC at the beginning of 2025, launch Formal evaluation for transfer up to 600 megawatts in its Corsicana device in Texas to high -performance infrastructure. The shift came up with a pause about further building bitcoins on the spot. Riot has not yet signed any big AI contracts, but his place Corsicana – bridging 355 acres and eventually able to handle 1 Gigawatt forces – will build it well to attract clients of Hyperscaler in the future.

Riot remains financially strong in bitcoins. It mined in the fourth quarter of 2025 1 530 BTCGenerating $ 142.9 million in mining income – double income from Q1 2024 of $ 71.4 million. Riot scored higher bitcoin prices and increased operational hashy. It also has 19 225 BTC, which makes it the fourth largest Bitcoin holder worldwide.

Mara holds the largest Bitcoin cash register among miners and ranked second only in the microstrategy among all public companies with 50,000 BTC.

In March 2024, Mara revealed Its Mara 2Pic700, a cooling system for immersion for dense computational workload, including AI and crypto mining. In the middle of 2024, the company rebranding its wider strategy as the game “Edge Computing”.

At the beginning of 2025, Mara began to pilot two HPC test points, each manipulating around 30 megawatts using the 2PIC700 cooling system.

The pivot has not yet been translated into the main contracts or recurring cash flows for both Bitcoins manufacturers, but their Bitcoins balance shows why they desperately do not attempt to diversify the expansion of AI.

Bitcoin miner who dug AI

While many bitcoin mining companies lean on AI and high -performance computer technology, Asic Canan is aimed at the opposite direction. In July 2025, the company announced that it was Turning off their division AI chip.

With only 2.1% of the global ASIC market, Kanaan remains a small player compared to Bitmain or Microbt.

By focusing on mining hardware and long -term resistance in North America, it focuses on a clear journey in the otherwise in love with AI.

Magazine: Fake JD Stablecoins, fraudsters are submitted to Solana Devs: Asia Express