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Nobody Is Buying Bitcoin Miners Anymore [NEWS]
Published: May 28, 2026
Duration: 18:48
📄 OVERVIEW
In this NEWS episode of HashrateUp, Jesse breaks down the latest earnings reports, structural shifts, and AI pivots reshaping the Bitcoin mining industry.
From Bitdeer's collapsing miner sales and Canaan's $23M quarterly loss to Mara dumping 38% of its Bitcoin treasury and laying off 15% of staff, the signals all point one direction: nobody is buying miners, and the companies that own power are pivoting hard to AI. Meanwhile, AI-focused funds like Situational Awareness LP are quietly accumulating mining stocks, not for the hashrate, but for the energized megawatts underneath.