Bitcoin Miners Shift Focus to Computing Services Amid Weak Mining Economics

Publicly traded Bitcoin mining companies are downsizing their operations faster than the overall Bitcoin network. This shift in focus reflects a preference for more stable revenue streams over traditional mining profits.

Companies like Core Scientific and TeraWulf now earn most of their revenue from data-center and computing services rather than mining. The trend shows a 13.4% decline in public miners' hashrate over six months, outpacing the network's 10.6% drop.

This marks a significant industry transition away from Bitcoin mining toward diversified tech services amid weak mining economics and rising demand for computing power.