Miners who used to print money are now sucking wind.Wintermute analysts just dropped the numbers: mining margins at historic lows — ~30%,when previous cycles were 70–80%.
Electricity prices up,BTC price flat, hardware profitability in the Mariana Trench. Mining is straight-up unprofitable for most, farms running deep in the red.
To avoid bankruptcy,many are pivoting hard: renting their cheap power and rigs to AI data centers— way more stable and profitable right now.
Core Scientific figured it out early, repurposed their farms for AI compute— stock up +90% instantly.
Experts telling the rest:sell your BTC on DEXes, lend it out,or convert your farms to AI hosting. Mining as we knew it is over.
Check the chart — fee share and revenue collapsing.
DYOR,not advice — but if you're still mining BTC in 2026... maybe it's time to pivot 😏
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