Why Bitcoin miners are abandoning Bitcoin for AI

Bitcoin miners spent years building massive amounts of power and data center infrastructure. AI companies may have just found a more profitable use for it. In this episode of The Daily Wolf, Scott Melker breaks down Riot Platforms' $9.1 billion computing deal with Anthropic and why publicly traded Bitcoin miners are increasingly pivoting toward AI infrastructure as the economics of mining become more difficult. Scott also explains why the SEC appears ready to move forward with major crypto rulemaking without waiting for the Clarity Act, why Trump Media is pulling back from parts of its crypto strategy, and what Bybit's lawsuit against North Korea could actually accomplish. Timestamps 00:00 Riot's $9.1 billion AI deal 00:53 Bitcoin miners are becoming AI companies 02:42 Why this isn't just an AI narrative 03:02 The economics of Bitcoin mining break down 03:52 How miners are pivoting to AI 04:22 Could this actually help Bitcoin? 05:17 The SEC stops waiting for the Clarity Act 07:29 What "Reg Crypto" could unlock 09:07 Regulators move without Congress 09:57 Trump Media's $238 million loss 11:17 Trump Media abandons a crypto treasury deal 12:48 Bybit sues North Korea 14:24 Bitcoin maximalism hits reality #bitcoin #AI #riotplatforms #bitcoinmining #anthropic #crypto #clarityact #SEC #scottmelker #thedailywolf #yahoofinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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