The Block (@TheBlockCo): THE BLOCK: CoinShares says the exodus of bitcoin miners to AI has reached the point where even a $BTC recovery is unlikely to reverse it.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC-35Negative
THE BLOCK: CoinShares says the exodus of bitcoin miners to AI has reached the point where even a $BTC recovery is unlikely to reverse it. At least 35 EH/s is already slated to leave listed miners, with $IREN planning to exit by year-end and Cipher $CIFR likely following by the end of 2027.