Summary
BroadChain learned that at 08:30 on April 19, according to Bitcoinist, Charles Edwards, founder of the digital asset hedge fund Capriole Investments, warned that listed Bitcoin mining companies are accelerating their shift to artificial intelligence (AI) business, which could pose a threat to Bitcoin's price and network security. Data shows that the proportion of Bitcoin revenue for major listed mining companies is expected to plummet from about 90% to 30% within the next 2-3 years. Market performance has become a key driver: companies setting AI revenue targets exceeding 80% have seen their stock prices rise by an average of over 500%, while those with targets below 60% have performed weakly. Mining companies' investment strategies have also shifted,
According to BroadChain, at 08:30 on April 19, Bitcoinist reported that Charles Edwards, founder of digital asset hedge fund Capriole Investments, warned that listed Bitcoin mining companies are accelerating their shift to artificial intelligence (AI) business, which may pose a threat to Bitcoin prices and network security. Data shows that major listed mining companies expect their Bitcoin revenue share to plummet from about 90% to 30% in the next 2-3 years. Market performance has become a key driver: companies targeting over 80% AI revenue have seen their stock prices rise by an average of over 500%, while those targeting below 60% have performed weakly. Mining companies' investment strategies are also shifting, with several planning to halt purchases of new mining machines, instead running existing equipment until scrapped, and directing future expenditures toward AI infrastructure. Edwards pointed out that reduced investment in mining machines could weaken the hash rate security foundation of the Bitcoin network. Meanwhile, continuous Bitcoin sales by mining companies are intensifying market pressure. In the first quarter of 2026, listed mining companies such as MAR, Riot, Congo, CleanSpark, and Bitdeer have cumulatively sold over 32,000 BTC, exceeding the total net sales for the entire year of 2025. Additionally, advancements in quantum computing may pose potential challenges to Bitcoin's encryption system. Edwards emphasized that the current industry shift is far larger than before, with mining companies collectively valued at over $100 billion exiting the cryptocurrency sector, reflecting weak industry expectations for long-term BTC price growth.
