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.
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