Artificial intelligence is reshaping the Bitcoin mining market. Network hashrate peaked above 1.1 ZH/s in October 2025 before falling toward 900 EH/s, with mining difficulty dropping 11.16% in February 2026 and another 10.09% in June, indicating widespread miner shutdowns. Core Scientific reported a negative 56% gross margin on self-mining in the second quarter, while its data center colocation business generated nearly 80 million dollars in gross profit. TeraWulf now derives approximately 71% of its quarterly revenue from high-performance computing leasing. The article concludes that AI is unlikely to eliminate Bitcoin mining, but rather will redirect premium power sites to artificial intelligence while mining migrates toward cheaper and unconventional energy sources.
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