Public Bitcoin Miners Sell BTC Holdings to Fund AI Infrastructure Pivot

Several publicly listed bitcoin miners are liquidating BTC reserves to finance a strategic shift into artificial intelligence infrastructure as mining margins have been eroded, with prices around $66,000, roughly 50% below October's all-time high. IREN and Bitdeer Technologies reduced their holdings to 0 BTC, while Core Scientific cut its balance from 2,537 BTC at the end of 2025 to about 630 BTC after selling $175 million of bitcoin, and Cipher Digital lowered its holdings from 2,284 BTC to 1,500 BTC by divesting a 49% stake in three joint ventures for roughly $40 million in stock. Riot Platforms sold all monthly production, liquidated nearly 1,100 BTC to finance the Rockdale acquisition, and offloaded $200 million worth of bitcoin in the final two months of 2025, leaving it with 18,005 BTC, while Bitfarms CEO Ben Gagnon said "We are no longer a Bitcoin company," as the firm cut holdings from 3,301 BTC to 1,827 BTC to focus on AI infrastructure. In contrast, MARA Holdings retains 53,822 BTC with a more flexible HODL policy, CleanSpark manages 13,513 BTC as productive capital through monetization and covered calls, and Hut 8 keeps 13,696 BTC with exposure expected to shift toward its equity stake in American Bitcoin holding 6,039 BTC.