EPISODE · Mar 9, 2026 · 4 MIN
Miners are quitting Bitcoin for AI
from Token Metrics Daily Pulse · host Token Metrics
MARA lost $1.7B mining Bitcoin but stock jumped 15% on AI news. Block Inc. is firing 40% of staff. The pivot is real: infrastructure is migrating from hashing SHA-256 to training LLMs.Today's key developments:• Bitcoin miner MARA posted a massive $1.7B quarterly loss but saw shares jump 15% after announcing an AI data center deal.• Block Inc. (Square) is cutting 40% of its staff as Jack Dorsey admits stablecoins are pressuring payment margins.• Traders on Polymarket made over $1 million betting on a ZachXBT investigation before the findings went public.📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/new-post-d48b?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcast🔔 Subscribe for daily crypto market updates!⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.#crypto #bitcoin #ethereum #dailypulse #tokenmetricsSign up for the Daily Pulse at tokenmetrics.com
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Miners are quitting Bitcoin for AI
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