Over 15,000 BTC sold and more coming as public miners pivot to AI
Public bitcoin miners are increasingly selling BTC reserves to fund a major pivot toward capital-intensive AI infrastructure development.Summary
Publicly listed bitcoin miners are abandoning the long-term 'HODL' strategy for their BTC treasuries to fund significant investments in artificial intelligence (AI) infrastructure. This shift is driven by vanishing profit margins in pure bitcoin mining due to competition, high energy costs, and compressed prices. Miners are leveraging existing data centers to host AI computing machines, effectively rebranding as "AI infrastructure" companies. Many top miners, including Riot Platforms, Core Scientific, and Bitdeer Technologies, have explicitly sold substantial portions of their BTC holdings—with some selling nearly all of it—to finance these AI expansions. While some, like MARA Holdings, maintain large reserves, the overall trend indicates that bitcoin is increasingly being treated as a funding tool rather than a passive strategic reserve for these companies.
(Source：CoinDesk)