Bitcoin News Today: Bitcoin Miners Bet on AI: Will Technological Advances Outpace Market Fluctuations?

Bitcoin mining companies are increasingly turning to artificial intelligence (AI) and high-performance computing (HPC) to counteract the effects of a bearish market, even as some experts warn that Bitcoin could see a sharp drop below $100,000. Currently, seven of the ten largest miners by hashrate are already earning income from AI-related ventures, signaling a shift in the sector’s business model as they combine energy assets with contracted GPU operations. TeraWulf’s 200 MW AI hosting agreement with Fluidstack, which is supported by Google, has established a benchmark of about $1.85 million per MW annually—a figure now widely referenced by miners seeking AI clients, according to a

.

This transformation is altering the financial landscape for miners, with firms such as

and boosting their HPC capabilities through extended collaborations. CleanSpark’s 285 MW AI facility in Texas and Marathon’s purchase of Exaion, a European data center provider, exemplify the growing trend toward hybrid infrastructures where GPUs, mining rigs, and colocation services operate side by side, as highlighted by the . At the same time, has halted its mining expansion at the Corsicana facility to consider converting 600 MW for AI use, underscoring the need to adapt quickly in an unpredictable crypto environment, as mentioned in the .

Yet, this strategic shift comes with obstacles. Limitations in grid capacity, shortages of GPUs, and delays in connecting to the grid—especially in Texas’s ERCOT market—may hinder progress. Analysts point out that if Bitcoin’s transaction fees increase by 0.5 BTC per block, the revenue gap between mining and AI hosting could shrink, potentially boosting mining’s gross earnings by $200,000 to $300,000 per MW each year, according to the

.

The negative sentiment surrounding

has been intensified by recent market activity. On November 7, all 12 U.S. Bitcoin ETFs saw a combined $558 million in withdrawals, marking the second-largest daily outflow since their inception, as reported by a . ETFs, on the other hand, have continued their streak of net inflows for nine consecutive days, indicating a shift in investor interest, according to the . Blockchain data also points to a possible bottom for Bitcoin between $38,000 and $50,000 in about 328 days, based on analysis by Ali Martinez and reported by .

JPMorgan and Bernstein have identified miners with favorable electricity contracts as likely targets for mergers and acquisitions, noting that some companies may pursue consolidation due to financial strain after the halving, as outlined in the

. Riot Platforms, given its strong liquidity and valuable assets, is considered a leading candidate for consolidation, according to the .

Bitcoin is currently trading close to $103,000 and is facing significant resistance at $104,000. Should the price fall below this threshold, it could test the $100,000 level, with analysts such as KillaXBT warning of a possible “sharp correction” if support does not hold, as stated in the

. Meanwhile, on-chain indicators like Apparent Demand have turned positive for the first time since October, suggesting a revival in spot market buying, as reported by , though futures open interest remains relatively low, according to the .

As mining companies weigh AI growth against core crypto operations, their future will depend on energy efficiency, access to GPUs, and broader economic trends. The competition to capitalize on infrastructure is intensifying, but the direction of Bitcoin’s price remains an unpredictable factor in this evolving landscape.