Bitcoin Miners Pivot to AI: Hyperscale Data Sells 685 BTC to Fund Data Center
bittingthembits · x · 2026-08-14
The post notes Bitcoin miners are selling BTC to fund AI infrastructure. Hyperscale Data sold 685 BTC ($43M) to fund its Michigan data center and reduce debt; Core Scientific is monetizing BTC reserves. Bernstein estimates miners control 27+ GW. The author argues AI makes compute and intelligence scarce, and Bittensor extends the Bitcoin model.
More from Venture
- Indie dev scales app to $6k/week using hyperrealistic AI UGC — 0x_rxkvys · 2026-08-24
- Fable 5 Makes Up Only 6% of Anthropic Sales — rohanpaul_ai · 2026-08-24
- Whisper kills the moat: Gong's transcription fortress collapses against OpenAI — roxylezan · 2026-08-24
- Virtuals completes first autonomous robot-to-robot transaction on-chain — DonJohnsonSays · 2026-08-24
- Indie dev lessons from Pitch Pit: distribution, clear value, simplicity — DevToD4 · 2026-08-24
- Legendary Silicon Valley Angel Commits on the Spot — MartinGTobias · 2026-08-24