December 5, 2025
Is Bitcoin Mining Dead? How AI Data Centers Are Taking Over the Energy War
The golden age of simply plugging in an ASIC miner and printing money is over. A new, more profitable giant has entered the room, and it is hungry for electricity: Artificial Intelligence. In November 2025, Core Scientific—one of the largest Bitcoin mining companies in North America—signed a $3.5 billion, 12-year contract with CoreWeave, an NVIDIA-backed AI infrastructure company. The deal involved converting Bitcoin mining facilities into high-performance computing centers for AI workloads. Within weeks, Core Scientific’s stock surged 40%. This wasn’t an isolated event. Across the industry, miners faced a calculation: mine Bitcoin for $0.08 per kilowatt-hour, or rent the




