According to Huoxing Finance, on September 15, CoinShares estimated that Bitcoin mining companies that have shifted toward AI infrastructure are unlikely to return to mining operations, even if Bitcoin prices rise further. In its latest Q2 Bitcoin Mining Report, CoinShares stated that at least 35 EH/s of hashing power is planned to be withdrawn from publicly traded mining companies, equivalent to approximately 4.7% of the current Bitcoin network’s total hash rate of around 750 EH/s. Currently, AI infrastructure generates about $1.5 million in profit per megawatt for these companies, compared to approximately $500,000 from Bitcoin mining. Meanwhile, the average pre-tax cash cost for publicly traded mining companies to produce one BTC in Q2 was approximately $75,500.
CoinShares: Bitcoin Price Recovery Unlikely to Lure Miners Back from AI Shift
MarsBitShare
Summary
Bitcoin breaking news: CoinShares reports that a rebound in Bitcoin’s price is unlikely to reverse the migration of miners to AI infrastructure. The firm’s Q2 report indicates that at least 35 EH/s of mining power from listed companies will exit—representing 4.7% of the 750 EH/s network. AI infrastructure generates $1.5 million per megawatt, compared to $500,000 for Bitcoin mining. Listed miners averaged a pre-tax cash cost of $75,500 per BTC in Q2. Bitcoin news shows the shift remains robust despite price fluctuations.
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