Bitcoin News Today: As cryptocurrency earnings decline, Bitcoin miners shift focus to AI

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Bitcoin News Today: As cryptocurrency earnings decline, Bitcoin miners shift focus to AI

Bitget-RWA2025/11/17 02:26

By:Bitget-RWA

- Bitcoin miners pivot to AI infrastructure as crypto profits decline, with Bitfarms planning to shut down mining by 2027 and retrofit facilities with Nvidia GPUs. - Industry leaders like Cipher Mining and Digi Power X secure AI deals with AWS/Microsoft, driven by Bitcoin's near-break-even hash price and thinning margins. - Political ties emerge as Scaramucci family invests $100M+ in American Bitcoin , highlighting crypto's role in cross-partisan financial strategies despite equipment controversies. - Anal

As cryptocurrency prices decline and profit margins shrink, Bitcoin mining companies are increasingly moving toward high-performance computing (HPC) and artificial intelligence (AI) infrastructure to maintain profitability.

Bitfarms

(BITF), a leading

Bitcoin

mining company in North America,

revealed in November 2025 its intention to phase out

its mining activities by 2027 and shift its focus to AI operations, following a $46 million loss in the third quarter. The company

intends to transform its Washington State location

to accommodate

Nvidia

GB300 GPUs, backed by a fully financed $128 million plan to upgrade the facility. CEO Ben Gagnon mentioned

this strategic change could yield higher profits

than their previous Bitcoin mining operations.

This shift is part of a larger trend affecting the sector. The hash price for Bitcoin has

fallen to levels barely above break-even

, causing many smaller miners to shut down. Larger companies such as

Cipher Mining

and

IREN

have also started focusing on AI infrastructure,

landing multi-billion-dollar partnerships

with Amazon Web Services and Microsoft. Digi Power X, another mining firm,

posted strong Q3 2025 financial results

and reported a solid financial position to support its AI growth plans for 2026, though it warned of potential challenges in execution.

At the same time, the political and financial connections of Bitcoin mining are coming under greater scrutiny. The Scaramucci family,

headed by Anthony and AJ Scaramucci

, invested more than $100 million in American Bitcoin, a company co-founded by Eric Trump, son of Donald Trump. Despite previous disagreements between Anthony Scaramucci and Trump, this investment highlights Bitcoin’s appeal as a unifying financial asset. American Bitcoin, which owns 4,004 BTC (worth $415 million),

has grown quickly after a $220 million

pre-IPO funding round led by Solari Capital. Nonetheless, some critics

have expressed worries about the company’s dependence

on Chinese mining hardware and the use of Bitcoin-backed extended payment terms.

Bitfarms’ third-quarter performance underscores the industry’s instability. The company

sold 185 BTC at $116,500 apiece

, generating $22 million in revenue, while its Bitcoin 2.1 initiative—selling out-of-the-money calls on its reserves—aims to help cover operational expenses. Even after an 11% drop in share price following the announcement, Gagnon reiterated his confidence in Bitfarms’ 2.1 GW energy assets and its scalable AI infrastructure.

Experts in the field caution that transitioning to AI is not without its difficulties. Projects could be delayed, and the economics of GPU-as-a-Service might not meet expectations. Still, with Bitcoin prices near six-month lows and the hash rate exceeding one zetahash per second, this strategic shift seems unavoidable for companies looking for more reliable income sources.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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