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Public bitcoin miners cut 21% of hashrate as AI data center revenue grows rapidly.

Market News
16 Aug 2026
Bitcoin
View Source
Bearish
pluang ai news

Public bitcoin miners have reduced their combined hashrate by 21% in six months, reflecting a shift away from bitcoin mining toward AI and high-performance computing (HPC) infrastructure. Companies like Core Scientific and TeraWulf now generate most of their revenue from colocation and HPC leases rather than bitcoin mining. While some miners like Bitdeer expanded their mining capacity, the overall contraction in mining power outpaced growth, signaling a structural change in the industry. This shift is driven by weaker mining economics and the rising value of AI compute, marking a major transition after years of post-China mining expansion in the U.S.

More News

Scam apps exploit demand to remove AI text watermarks after Anthropic starts watermarking Claude AI outputs

Scam apps exploit demand to remove AI text watermarks after Anthropic starts watermarking Claude AI outputs

Anthropic has introduced a subtle watermarking system for its Claude AI-generated text, triggering a surge in demand for apps that claim to remove these watermarks. These watermarks use complex statistical word patterns, making them hard to detect or...

Market News
Bearish
4 hours ago
New tool Anthropies removes AI watermarking from Claude-generated content, raising ownership questions.

New tool Anthropies removes AI watermarking from Claude-generated content, raising ownership questions.

Charles Hoskinson has introduced Anthropies, a tool designed to remove hidden watermarks and metadata from content generated by the AI model Claude. Anthropies targets Claude's keyed text watermark, C2PA image credentials, and Git commit trailers tha...

Others
Neutral
4 hours ago
Shiba Inu price near 12-month low, downtrend intact with weak volume and uncertain recovery.

Shiba Inu price near 12-month low, downtrend intact with weak volume and uncertain recovery.

Shiba Inu trades at $0.00000446, close to its 12-month low and 68.8% below its yearly high, reflecting a 65.5% decline over the past year. The price remains below key moving averages, signaling an ongoing downtrend, while trading volume is below aver...

Technical Signals
Neutral
4 hours ago
Strategy's $STRC gains 9% despite Bitcoin's 47% drop over the past year

Strategy's $STRC gains 9% despite Bitcoin's 47% drop over the past year

Bitcoin's price has fallen 47% in the last year, but Strategy Inc.'s Digital Credit instrument, $STRC, has gained 9%, highlighting its potential to offer income and stability amid crypto volatility. Backed by Strategy's Bitcoin holdings, $STRC serves...

Market News
Neutral
4 hours ago
Bitcoin demand weakens as Coinbase premium index stays negative for 90 days, price nears $63K with key resistance at $63,400.

Bitcoin demand weakens as Coinbase premium index stays negative for 90 days, price nears $63K with key resistance at $63,400.

The Coinbase Bitcoin Premium Index has remained negative for 90 consecutive days, signaling weaker U.S. buying demand or stronger selling pressure on Coinbase compared to Binance. Despite this, Bitcoin's price holds near $63,000, with market sentimen...

Market News
Neutral
4 hours ago
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