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<p>This week, it was starkly revealed that Bitcoin mining is essentially a business of asking: “What’s the most profitable way to convert electricity?”  

Riot is converting its Texas facility—20 years, 191 MW—into an AI data center. Keel is shutting down its U.S. mining operations. Fee revenue as a percentage of miner income has dropped to 0.69%, the lowest in a decade.  

The answer is shifting from BTC to AI computation.</p>

This week, it was starkly revealed that Bitcoin mining is essentially a business of asking: “What’s the most profitable way to convert electricity?”  
Riot is converting its Texas facility—20 years, 191 MW—into an AI data center. Keel is shutting down its U.S. mining operations. Fee revenue as a percentage of miner income has dropped to 0.69%, the lowest in a decade.  
The answer is shifting from BTC to AI computation.

This week, it was starkly revealed that Bitcoin mining is essentially a business of asking: “What’s the most profitable way to convert electricity?” Riot is converting its Texas facility—20 years, 191 MW—into an AI data center. Keel is shutting down its U.S. mining operations. Fee revenue as a percentage of miner income has dropped to 0.69%, the lowest in a decade. The answer is shifting from BTC to AI computation.

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