Bitcoin News Today: Bitcoin Miners Shift to AI as Stable Profits Outpace Crypto Volatility

MARA Holdings and Hut 8, two of the largest Bitcoin mining firms, reported record profits and expanded Bitcoin reserves in Q3 2025, driven by rising cryptocurrency prices and operational efficiencies, according to a Cointelegraph report. MARA's revenue surged 92% year-over-year to $252 million, transforming its financial performance from a $125 million loss in Q3 2024 to a $123 million profit, while Hut 8 nearly doubled revenue to $83.5 million, posting a $50.6 million profit and increasing its Bitcoin holdings to 13,696 BTC, per Markets.com coverage. Both companies are leveraging their energy infrastructure expertise to diversify into high-performance computing (HPC) and artificial intelligence (AI) data centers, signaling a broader industry shift described in a Yahoo Finance story.

MARA's strategic pivot includes a $168 million acquisition of Exaion, a Paris-based AI and HPC subsidiary of France's EDF, and a partnership with MPLX to develop 1.5 gigawatts of power generation and data center capacity in West Texas. Similarly, Hut 8 is expanding its North American footprint, managing 1.02 gigawatts of capacity and targeting over 2.5 gigawatts to support Bitcoin and AI workloads. These moves align with growing demand for energy-efficient computing infrastructure, as Bitcoin miners capitalize on their low-cost power and modular facilities to enter the AI sector.

The U.S. remains the global leader in Bitcoin mining, accounting for 37% of the world's hashrate, with Texas as a key hub. Companies like CleanSpark and IREN are also pivoting to AI, with CleanSpark securing 285 megawatts of power for a Houston-based AI campus and IREN converting its Texas facility into a Microsoft AI data center under a $9.7 billion contract, as reported by a Coinotag report. This trend is reshaping the mining landscape, as AI workloads generate higher returns—about $1.45 million per megawatt annually versus $900,000 for Bitcoin mining—according to a Cryptodnes report.

Despite strong results, investor sentiment remained cautious. MARA and Hut 8 shares fell 5% and 9%, respectively, as markets digested the results. Bitcoin traded near $99,000, down 6% in 24 hours, amid broader macroeconomic uncertainties. Analysts note that while Bitcoin mining remains core to these firms' operations, their transition to AI and HPC offers more stable revenue streams, mitigating exposure to crypto price volatility.

Regulatory developments also shape the sector. In New Hampshire, a Senate committee deadlocked on legislation to ease crypto mining restrictions, highlighting ongoing debates over energy policies. Meanwhile, Texas's business-friendly environment and renewable energy resources continue to attract investment, with six of the world's ten largest publicly traded miners based in the U.S.