Bitcoin miners face breakeven pressure amid AI pivot

Bitcoin miners are experiencing significant economic pressure due to declining hashprice and rising production costs, according to CoinShares. The weighted average cash cost to produce one bitcoin for publicly listed miners reached approximately $79,995 in late 2025. This downturn is prompting many miners to pivot towards AI and high-performance computing, with some anticipating up to 70% of their revenue to come from AI services by the end of 2026. The falling hashprice, reaching post-halving lows, indicates continued challenges for the sector.