Bitcoin miners are exiting. $65B in AI contracts signed. Entire treasuries liquidated. One of the largest miners just said they’re no longer a Bitcoin company. In this video, I break down why the math finally broke for miners, why this cycle is different from every previous exit and what the dark truth behind Bitcoin’s mining centralisation actually looks like. You’ll learn: â” Why Core Scientific called their own mining business “in runoff” â” How Bitfarms rebranded entirely and said they’re no longer a Bitcoin company â” Why miners are signing 15 year AI contracts instead of waiting for the next cycle â” What hashprice collapse actually means and why the economics broke â” Why hashrate at all time highs is a lagging indicator, not a health signal â” The dark truth about proxy po
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