CoinShares analysis suggests Bitcoin price recovery alone won't bring AI-focused miners back due to high production costs averaging $75,500 per BTC in Q2.
Macro & Markets ·
CoinShares analysis indicates that a Bitcoin price recovery is unlikely to retain miners that have shifted focus to artificial intelligence operations, with at least 35 exahashes per second of capacity expected to depart from publicly listed mining companies, per https://www.theblock.co/news/markets/2026-09-15-bitcoin-price-recovery-unlikely-lure-ai-focused-miners-back-coinshares-says-414844. The research suggests high production costs create a structural barrier preventing these miners from returning to Bitcoin operations despite improved market conditions.