Bitcoin Miners Pivot to AI, Threatening $115K Price Target

Dev.to / 5/4/2026

💬 OpinionSignals & Early TrendsIndustry & Market Moves

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Key Points

Bitcoin mining companies are increasingly reallocating hardware and energy capacity to AI and high-performance computing workloads rather than pure BTC mining.
This pivot can reduce effective hash power, which may contribute to market volatility and potential sell-offs by miners.
Hive Digital reports that by Q2 2024, 25% of its compute output had already gone to AI/HPC, indicating the shift is happening rapidly.
The move threatens the assumptions behind a commonly cited $115,000 BTC price target for 2026, which is tied to reduced supply after halving and bullish miner accumulation.
The article frames the AI-driven business shift as a crypto risk factor that could undermine the 2026 price forecast.
categories: ["industry-market-moves","signals-early-trends"]

Bitcoin miners are shifting to AI workloads, reducing hash power and risking BTC sell-offs that threaten the $115K price target for 2026.

Bitcoin Miners Shift Focus to AI, Challenging $115K Price Prediction for 2026
Bitcoin’s mining giants are redirecting billions in hardware and energy toward artificial intelligence — a pivot that could derail the widely cited $115,000 BTC price ...
The shift is happening at speed. In Q2 2024, Hive Digital reported that 25% of its compute output was already dedicated to AI and high-performance computing, up from z...
That has real consequences for crypto. The $115,000 Bitcoin price target for 2026, pegged to reduced supply post-halving and bullish miner accumulation, now looks shak...

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