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      CoinShares Reports Irreversible Shift of Bitcoin Miners to AI Technologies

      CoinShares, a cryptocurrency asset management firm, has announced that the transition of Bitcoin miners towards artificial intelligence (AI) technologies has reached a critical point that is unlikely to reverse, even in the event of a recovery in Bitcoin prices. This shift reflects a broader trend in the cryptocurrency industry as miners seek to adapt to changing market conditions and technological advancements.

      The report highlights that at least 35 exahashes per second (EH/s) of computing power is expected to be redirected from listed Bitcoin mining companies. Among these, IREN, a publicly traded Bitcoin mining firm, plans to cease its mining operations by the end of 2026, while Cipher is anticipated to follow suit by the end of 2027. This movement underscores a significant pivot in the operational strategies of these companies as they explore new avenues for growth and profitability.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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