October 4th 2026, 8:30 AM
Bitcoin Miners' Billions Abandoned in AI Shift
Key Summary
Bitcoin's shift to AI has led to a massive abandonment of mining infrastructure, with $1.5 billion in hardware investments, valued at $20 per terahash, being left behind
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The Great Unplug
The hashrate public bitcoin miners shed in the first half of 2026 carries an uncomfortable price tag: roughly $1.5 billion in equivalent hardware investment, even at an assumed acquisition price of just $20 per terahash (TH/s).
This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, finance, and cryptocurrency.
#Bitcoin#US#Crypto#Mining