Bitcoin Miners Face Worst Profit Crisis Ever — Giants are Turning Off Rigs and Chasing Bigger Money in AI

Key Takeaways

• Bitcoin miner profitability has fallen to an all-time low, pushing operators to unopen down rigs oregon repurpose facilities.

• Hashprice has collapsed to its weakest level successful years.

• Major Bitcoin mining firms are present shifting to AI.

Bitcoin (BTC) miners are facing 1 of the harshest economical squeezes successful the industry’s history.

As Bitcoin’s terms slumps and web trouble remains adjacent grounds highs, mining gross has cratered to levels that galore operators accidental are simply intolerable to sustain.

The unit has go truthful aggravated that a increasing fig of miners, from tiny store setups to industrial-scale operators, are abandoning mining altogether and converting their facilities into AI compute hubs.

Last week, Bitcoin’s hashprice, the dollar worth miners gain per portion of computing powerfulness (PH/s), sank beneath $35 per petahash, the lowest speechmaking ever recorded.

For miners, hashprice is the industry’s heartbeat.

It reflects however overmuch gross a miner earns per petahash aft accounting for Bitcoin’s price, artifact rewards, transaction fees, and mining difficulty.

When hashprice collapses, miners spot their nett margins evaporate.

• All-time low: $34.49 PH/s (Nov. 21, 2025).

• Seven-day average: ~$37.48 PH/s (the weakest successful much than 5 years).

• Year-to-date decline: Over 50%.

Even though Bitcoin’s terms has fallen, trouble has stayed high, meaning miners are spending much vigor for less rewards. That imbalance is creating a historical profitability crunch.

Some miners are dumping reserves to enactment afloat. On-chain information shows miners sold 30,000 BTC successful conscionable 48 hours, 1 of the fastest liquidation waves of the year.

As the economics of Bitcoin mining deteriorate, the manufacture is undergoing a quiescent yet important shift.

An expanding fig of miners are converting their facilities into AI compute centers, much than astatine immoderate constituent successful Bitcoin’s history.

The crushed is simple. The instrumentality illustration is dramatically better.

• AI workloads make 2–5 times much gross per kilowatt-hour

• Tech giants similar Microsoft, OpenAI, and mega-cloud providers are hopeless for GPU capacity

• Mining facilities already person the 2 things AI infrastructure needs most: inexpensive powerfulness and concern cooling

Several large players person already begun redirecting their operations toward AI.

Bitfarms, for example, disclosed a $46 cardinal nonaccomplishment successful the 3rd 4th and has since announced plans to overhaul its concern by 2027, converting astir 341 megawatts of its Bitcoin mining capableness into infrastructure for high-performance AI computing.