Bitcoin Miners Trade Rigs for AI as Power Becomes the Prize
The article reports that bitcoin miners faced high production costs in the second quarter, with an average cash cost of about $75,500 per coin, while bitcoin ended June at $58,400, below that level and less than half its October 2025 record high. It discusses miners pivoting from rigs to AI as power becomes the key asset.
Why it matters — For a CORZ watcher, the piece highlights the ongoing industry shift toward AI and data-center opportunities where power capacity—Core Scientific's core strength—becomes the central value driver.