Bloomberg: The AI ​​boom is prompting Bitcoin mining companies with a combined holding of over $8 billion to transform their businesses, triggering market sell-off concerns.

PANews reported on March 5th, citing Bloomberg, that as Bitcoin prices have fallen more than 40% from their October highs, major mining companies holding over $8 billion in Bitcoin are quietly accelerating their sell-off. Unlike previous sell-offs aimed at covering costs, this round of selling is reallocating funds to the artificial intelligence sector. Mining companies are repositioning their farms, which also possess advantages in cheap electricity and capital-intensive infrastructure, as AI data center operators, seeking a more predictable revenue stream than Bitcoin mining.

MARA Holdings, the second-largest Bitcoin holder after Strategy, is adjusting its strategy and may sell a portion of its nearly $4 billion reserves. CleanSpark and Riot Platforms have restructured their executive teams to accelerate their AI transformation. Bitdeer has liquidated its Bitcoin holdings. Analysts point out that the mining companies' sell-off has triggered market anxiety, but the proceeds are being used for strategic reallocation rather than survival, and the profit prospects for mining companies are actually more optimistic.