Miners are quitting Bitcoin for AI

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.


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