Bitcoin Miners Sell Over $8 Billion in BTC to Fund AI Data Center Shift

Major Bitcoin mining firms holding more than $8 billion in BTC are accelerating sales as the token has fallen over 40% from last year's high, with proceeds redirected into artificial intelligence infrastructure, ChainCatcher reports citing market sources. The companies are converting mining facilities with low-cost electricity and capital-intensive infrastructure into AI data centers to secure more predictable revenue than Bitcoin mining. MARA Holdings, the second-largest Bitcoin holder after Strategy, is revising its approach and may sell part of its nearly $4 billion reserve, while CleanSark and Riot Platforms overhauled executive teams to speed their AI transition and Bitdeer fully liquidated its Bitcoin holdings. Analysts said the disposals raised market concerns but view the strategic reallocation of proceeds, rather than basic survival needs, as pointing to more optimistic profit prospects for mining firms.