Recently became interested in the reports of BTC miners pivoting to AI. Figured others might be interested too. Data tabulated with @grok, @ChatGPTapp, & @GeminiApp. ⛏️~70% of top-10 miners by hashrate, and perhaps ~50–60% of public-miner capacity, are now AI-adjacent ⛏️CoinShares’ Q4 2025 report puts the average cash cost per BTC for listed miners at ~74.6k, and all-in cost (incl. depreciation, SBC) at ~137.8k per BTC post-halving.  ⛏️At current BTC price ($85k), many miners are only marginally profitable on a fully-loaded basis; margins are extremely sensitive to BTC price and fees and risk negative ROI the lower btc goes ⛏️$74k is likely a magnet in BTC price as miners are more likely to hold so they're not at a net loss (similar to what happened in 2022 wen BTC tanked so badly below miner's cost basis) TLDR : There is a mod-to-high risk of BTC mining companies becoming net sellers of #Bitcoin to fund their expensive AI transitions, rather than holding it as a treasury asset. As such, the risk is not a "mass dump" of existing treasuries, but rather the cessation of accumulation....reducing the "industrial demand" for holding coins and potentially increasing sell pressure on the coins they do mine to pay for their AI transitions.(CryptoCondom)