Back to today’s briefing

Story perspectives

Bitcoin Miners Shift Focus Amid Price Drop, AI Demand

12/10/2025

43 9

Summary

Story summary

In June 2024, Riot Platforms began constructing the world's largest bitcoin mine in Corsicana, Texas.
The site is being repurposed for AI and high-performance computing as bitcoin prices fell about 30% in 2024.
At least eight other bitcoin mining companies have announced similar transitions to meet data-center demand.
Mining rewards were halved to 3.125 bitcoin in 2024.
Experts warn only the most cost-efficient operations will survive.

1 of 1

Story summary

In June 2024, Riot Platforms began constructing the world's largest bitcoin mine in Corsicana, Texas.
The site is being repurposed for AI and high-performance computing as bitcoin prices fell about 30% in 2024.
At least eight other bitcoin mining companies have announced similar transitions to meet data-center demand.
Mining rewards were halved to 3.125 bitcoin in 2024.
Experts warn only the most cost-efficient operations will survive.