J’abandonne le mining de Bitcoin

Bitcoin miners are selling off everything they can to finance their shift towards AI. In the first quarter of 2026 alone, listed miners sold over 32,000 BTC—more than in all of 2025. Bitfarms has announced it is no longer a “Bitcoin company,” and seven of the ten largest listed miners are already generating revenue from AI or HPC. According to Bernstein, miners have contracted approximately 6 GW of capacity with AI companies across 17 deals, worth over $110 billion. These contracts already represent nearly 10% of the AI ​​data centers under construction in the United States. And in the wake of this, we read everywhere that this exodus could threaten the very security of the Bitcoin network. Except that the reality is far more nuanced. As a co-founder of Data Factory, I'm experiencing this pivot firsthand—and what I'm seeing isn't an abandonment of Bitcoin, but a chess game played around the truly scarce factor: available megawatts. In this video, we dissect the last-survivor model that governs the mining economy, why 1 MW of AI data center costs $20 to $50 million when the same megawatt in mining costs less than $1 million, and how mining acts as an energy buffer, reserving electrical power while we wait for AI. Miners aren't fleeing Bitcoin. They've just realized that whoever controls the megawatts controls the tap. #bitcoin #AI ​​#mining