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Why bitcoin miners are abandoning bitcoin for AI

On today's episode, Melker discusses the Riot Platforms (RIOT), a bitcoin mining company that is ditching bitcoin (BTC-USD) mining to pursue the potentially more lucrative artificial intelligence market through a reported $9 billion…

Yahoo Finance

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Aug 11, 2026 at 4:43 PM UTC · 1 dk okuma

Why bitcoin miners are abandoning bitcoin for AI
Image via Yahoo Finance

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bitcoin

Last Updated

2 ay önce

On today's episode, Melker discusses the Riot Platforms (RIOT), a bitcoin mining company that is ditching bitcoin (BTC-USD) mining to pursue the potentially more lucrative artificial intelligence market through a reported $9 billion deal with Anthropic (ANTH.PVT).

"The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.

Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Why this matters

A reported $9 billion move by a public bitcoin miner toward AI would signal a potentially material reallocation of power infrastructure and capital away from crypto mining. If confirmed, it could increase pressure on miners to diversify as AI data-center demand competes for energy capacity.

#bitcoin#crypto#government-policy

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Originally reported by Yahoo Finance

NewsLayer coverage based on externally reported material.

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$83,199

+0.03% (24H)

$84,014$83,323$82,633
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$1.67T

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24H High

$84,338

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bitcoin

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government-policycrypto

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