U.S. Grip on Bitcoin Mining Slips Amid Shift to AI Infrastructure

The US's grip on Bitcoin mining is slipping as firms shift focus to AI infrastructure, despite President Trump's ambitions for technological dominance. North American pools have seen a decline in block share, from over 40% in 2022 to 35% in December 2022. Firms like Hut 8 are positioning themselves as energy infrastructure companies, and the decline in mining profitability has bolstered the shift toward AI infrastructure.