Bitcoin Miners Shift Capacity Toward AI as Mining Economics Weaken
Key Takeaways
- •Realized hash rate for a group of public Bitcoin miners fell 13.4% to 319 EH/s in the second quarter from 368.3 EH/s in the fourth quarter of 2025, according to BlocksBridge Consulting.
- •Excluding Bitdeer, the decline in realized hash rate was 21.2%.
- •Miners are repurposing energy contracts, land, and cooling systems for AI and high-performance computing workloads.
- •Core Scientific reported $136.7 million in second-quarter colocation revenue versus $27.5 million from Bitcoin mining.
- •TeraWulf reported $31.9 million from HPC leases compared with $12.8 million from mining, while Bitcoin’s network hashrate fell 10.6% over the same period.
Publicly traded Bitcoin miners are cutting computing capacity as rising demand for artificial intelligence (AI) and high-performance computing (HPC) makes data-center operations more attractive.
Realized hash rate among a group of public miners fell 13.4% to 319 exahashes per second (EH/s) in the second quarter from 368.3 EH/s in the fourth quarter of 2025, according to BlocksBridge Consulting. Excluding Bitdeer, the decline was 21.2%.
The shift comes as miners repurpose power and infrastructure for AI-related workloads, a move that reflects how operators with large energy contracts, land, and cooling systems can redeploy those assets without building from scratch. Core Scientific reported $136.7 million in second-quarter colocation revenue, compared with $27.5 million from Bitcoin mining, while TeraWulf generated $31.9 million from HPC leases versus $12.8 million from mining.
Bitcoin’s network hashrate declined 10.6% over the same period, highlighting the faster retreat by some publicly traded miners.
REALITY CHECK | Keel, Formerly BitFarms, Shuts Down U.S Bitcoin Mining Operations After Q2 2026 Revenue Drops Over 50% YoY
Stay tuned to BitKE for deeper insights into the evolving Bitcoin space.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates.
Join and interact with our Telegram community.
