Bitcoin Miners Write Off $1.1 Billion in Assets Amid Shift to AI

Public mining companies wrote off approximately $1.1 billion in asset value during the first half of 2026 as they restructured their businesses and shifted towards artificial intelligence. This figure was reported by TheEnergyMag.

Steven M. Crimmins

Steven M. Crimmins is a cryptocurrency strategist and freelance writer who has followed the blockchain industry since Bitcoin’s early days. Known for his sharp analysis of altcoins and trading strategies, Steven provides Satoshi News Africa readers with market-focused content grounded in research. He is especially interested in how African traders are adopting crypto as an alternative to traditional markets. Steven is also a podcast host, where he discusses emerging technologies and investment trends.