Bitcoin mining companies are increasingly redirecting resources to artificial intelligence and high-performance computing data centers due to rising mining costs and limited electricity grid access. The average pretax cash cost per Bitcoin reached about $75,500 in Q2 2026, while the hash price hit a record low of $27.70 per petahash per second per day in June. Companies like IREN and Riot Platforms are transitioning to hybrid models combining mining with data-center operations or fully exiting mining by 2026-2028. This shift is driven by delays in grid interconnection and regulatory constraints, making repurposed mining sites valuable for data-center use amid ongoing industry adjustments after Bitcoin's April 2024 halving reduced mining rewards.
Bitcoin miners shifting to AI data centers face a challenging market environment. As of Sep 24, 2026 06:41 WIB, among 50 major cryptocurrencies on Pluang, only 6 rose while 43 fell. Notable movers include BAL (Balancer) up 11.14% at Rp16.297, DOT (Polkadot) down 10.81% at Rp19.595 with a typical hold time of 120 days and a 37% sell to 63% buy order activity, and CRV (Curve DAO Token) down 9.61% at Rp5.861 with a typical hold time of 61 days and 68% sell order activity.
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