What remains the core business for Bitcoin miners that have expanded into AI infrastructure? According to a PANews report citing Bloomberg, some large miners were emphasizing mining again amid a sell-off in AI stocks.
MARA Holdings CEO Fred Thiel said in a letter to shareholders that Bitcoin mining remains the company’s core business. Bitdeer chief strategy officer Haris Basit said the company does not want to depend on any single market cycle.
The report said lower mining margins after the 2024 Bitcoin halving, alongside rising demand for AI computing power, had pushed many miners toward AI services and led to hosting agreements worth billions of dollars. It also pointed to a widening gap between AI capital spending and actual revenue, as well as public opposition to data centers, as pressures on AI valuations. The report did not provide figures for individual miners’ operating costs or returns.
Originally published by PANews on November 13, 2026, at 11:15:53 UTC+8. Original source.