Public miners sell BTC reserves to fund AI infrastructure as margins fall.

Publicly listed mining companies are offloading crypto reserves en masse, according to BitcoinTreasuries. Proceeds are being channelled into building artificial-intelligence infrastructure.

Long-term hoarding has fallen out of favour as mining income contracts. In 2021 bitcoin-mining margins reached 90%; they have since slumped amid fiercer competition, pricier electricity and a market…