For me, the mining company Mara is a very mysterious and enigmatic organization. 🙋

This isn't a classic mining pool. They don't allow "outsiders." They've also been actively accumulating bitcoins for some time, as if trying to create a strategic reserve. I once visited their website and was very surprised to see that Mara's management team includes many people from strategic sectors of the traditional US economy. These people are clearly not Satoshi Nakamoto fans or ideological supporters of Bitcoin. I also read their letter to the US administration, which seemed similar to the talking points of Palantir's management. Mara's management isn't just ordinary people! It seems they want to actively influence US development strategy.

Their selling of Bitcoin, in my opinion, is a bad sign... On the other hand, this doesn't mean they automatically abandon activities like Bitcoin mining. 🧑‍💻

Forget about the price of Bitcoin, it's not the point here, the point is that they lost confidence in the mining business and probably Bitcoin as well. Because if they believed that Bitcoin was giving them enough profit to keep their business profitable they would not think of selling it. This year, Bitcoin wasn't performing well and it's understandable as that's part of its volatility but for a mining business their operating expenses are fixed. If there was no AI opportunity they might have stayed, but they see bigger potential there so they decided to go for it.


That was the key factor there.

That's what businesses do, they test the waters first and if they feel it's more profitable they will focus on it. You are correct they are not leaving yet, but I feel eventually in the future they will leave if they see that they can sell their resources and use the money to invest in AI. But of course there will still be many miners left, so that's not a problem.

I think the AI bubble is going to lose massive amouts of money. Apart from people who want to put Mickey Mouse heads on their friends, I don't know many people who see AI as an advantage in the web activities. In fact, most seem to want to block AI whenever they can, as it creates an enormous amount of work to try to determine reality and avoid government promoted clap trap.. Miners selling Bitcoin to switch to AI is good news in my opinion. It gives us a chance to accumulate a bit more Bitcoin, and maybe have a go at mining. Hopefully these guys who just wanted to exploit Bitcoin will lose their shirts, and get out of the Bitcoin community.

Come on man, I’m certain you know AI could do a lot more than that. It’s agreeable that as much as we would have these monetary policies and revolution in the way finances are handled, AI is a very vital part of our future and something that continues to gain mainstream today. There is hardly going to be any industry or an App that would come without an AI feature in the next decade.

This doesn’t mean Bitcoin is a bad investment, of course not but, it’s agreeing that their are potentials in a great other fields too and having to liquidate some of their Bitcoin asset in settlement of debt and into other infrastructures as a form of investment isn’t in itself a bad plan. It’s a step in the right direction towards diversification the way I see it. They’ve still got a tremendous amount of holding as the news informs on only 40% sold even with the projection that they could still sell more.

it's not something new from this company, and despite they have been really active with their mining activity they have found a way to use their bitcoin.

a news that has not been discussed enough on forum has been the link between strategy and MSCI -->  it's evident that a company that deal with bitcoin can't be just a "piggy bank" but must also switch use their funds.
I would not be surprised if they would see again bitcoin as profitable business...

As long as they will not totally leave Bitcoin mining, they will realize this. For now the market is quite bearish, so it's not good for business as their earnings are in Bitcoin, its value is dropping so they might not be able to cover the costs of operation. I would say it's just a strategic move, they want to venture into AI infrastructure as some miners have already shifted there, so getting in early might also make them profitable. But we don't know yet, we will have to see a report after they start their operations and compare which one is more profitable.

That’s where the ideas to holding has gotten us, given the fact that, it’s a proven profitable venture when done over the years. Well, we can say these companies has done that over the years and regardless of them having to liquidate $40% of their profit, they had much to gain and still have some holdings in Bitcoin which clearly shows that, they indeed see Bitcoin for it’s profitability.

As persons that are deeply interested in Bitcoin, we mustn’t always expect that, people would always take money from other sources and be invested in Bitcoin, at times it’s got to be the other way round, it’s got to go out as it’s in this case.


Why always during the bears though, is it really due to the fact that, they don’t tend to get enough funds to run their business during the bears? Because the transaction cost hasn’t particularly being hyper since the last cycle, it’s being fairly stable.
Although in this instance, there was a settlement of debt involved.

If more and more companies are leaving, could you please explain why we still had a difficulty of 146T, just a little bit below the ATH at 155T last year in November, when the price was at over 110k usd? A 40% decrease in revenue per day but only a 6% decrease in hshrate?


If a company that pays on average 4 cents per kwh because it has its own power plant leaves the market you think the market is competitive for someone paying 10 cents to 20cents?


You need to change your circle with which you interact on social media!
I mean, just the last hacks of crypto wallets should have been  clear sign that AI is more than capable of doing other stuff than AI porn.