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Pluang reports that TeraWulf and IREN are shifting from bitcoin mining to AI as mining revenues shrink and losses rise.
Two more miners converting power-rich sites to AI hosting add supply to the neocloud and HPC capacity market, and signal weakening economics for pure bitcoin miners.
Trade pressSlicast · November 6, 2026 at 23:06 UTC · US · Source: Pluang
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