# Transition Related Articles

Fed Power Transition Crisis: Warsh Nomination Faces Bipartisan Opposition, Smooth Handover Filled with Uncertainty

President Trump's nominee for Federal Reserve Chair, Kevin Warsh, faces intense opposition from Senate Democrats over undisclosed assets exceeding $100 million, raising ethical concerns and casting uncertainty over a smooth leadership transition at the world's most influential central bank. Senate Banking Committee Democrats, led by Elizabeth Warren, accuse Warsh of concealing financial holdings and warn he would become a "puppet" of the president. They, along with Republican Senator Thom Tillis, are pushing to delay confirmation hearings. The controversy is compounded by the Trump administration's legal actions against current Fed officials, including Chair Jay Powell and Governor Lisa Cook. Powell’s term ends May 15, and he has stated he will serve as interim chair if a successor isn’t confirmed—a scenario legal experts support. However, concerns are rising that the White House may challenge this, potentially triggering a legal battle and undermining the Fed’s independence. With bipartisan resistance growing and a delayed hearing likely, the Fed’s leadership transition faces unprecedented uncertainty, prompting markets to reassess the outlook for U.S. monetary policy.

marsbit9h ago

Bitfarms Dumps Bitcoin, Rebrands As Keel Infrastructure In Full AI Shift

Bitfarms, a former Bitcoin mining company, is fully exiting the cryptocurrency business and rebranding as Keel Infrastructure. The company is relocating from Canada to the US and shifting its focus entirely to building data centers for high-performance computing and artificial intelligence. This strategic pivot follows a fiscal year 2025 net loss of $284.5 million, driven by falling Bitcoin prices and increased mining difficulty. Despite the loss, investors reacted positively, with shares rising 6.6%. The company still holds approximately $161 million in debt-free Bitcoin, providing financial flexibility during its transition. This move aligns with a broader industry trend of crypto miners seeking higher margins in AI and computing.

bitcoinist04/01 19:32

Bitcoin Mining Companies Accelerate Departure from the Mining Era, MARA Massively Sells Coins to Dive into AI

Bitcoin mining company Marathon Digital (MARA) is accelerating its pivot away from cryptocurrency mining, selling a significant portion of its bitcoin holdings to fund a strategic expansion into AI and high-performance computing (HPC). Between March 4 and March 25, MARA sold 15,133 BTC for approximately $1.1 billion. The proceeds are intended to strengthen its balance sheet and provide flexibility for its new strategic focus on digital energy and AI/HPC infrastructure. This move reflects growing financial pressure within the mining sector, where profitability has sharply declined due to low hash prices and high operational costs. The company's CEO, Fred Thiel, had previously signaled this shift, stating the goal that 50% of revenue should eventually come from non-Bitcoin mining operations. MARA is repurposing its existing infrastructure—land, power resources, and data centers—originally built for mining to serve AI cloud clients. This transition is part of a broader industry trend, with major miners like Bitdeer and Core Scientific also moving into AI. Analysts note that mining industry valuations are diverging: companies with AI/HPC contracts trade at significantly higher revenue multiples than pure-play miners. With rising transformation costs, selling bitcoin reserves has become a necessary step for miners to survive increasing competition and fund their entry into the AI infrastructure race.

marsbit03/27 12:02

Miners Stop Mining Bitcoin, Sell Electricity to AI

Amid a severe mining profitability crisis in early 2026, with Bitcoin's price below production costs, major mining firms are strategically pivoting from Bitcoin mining to selling power to AI data centers. Publicly traded miners, including Core Scientific, Marathon Digital (MARA), and Bitdeer, have collectively sold over 15,000 BTC to fund this transition. They are repurposing their energy-intensive operations into high-density AI computing facilities, capitalizing on the explosive demand for AI inference workloads, which offers more stable, long-term dollar-denominated contracts compared to the volatility of crypto mining revenues. Financial analysts note that shifting power from mining to AI can increase asset valuation by over 10x. While this mass sell-off has contributed to negative market sentiment and some of the longest "miner capitulation" periods on record, on-chain metrics simultaneously suggest Bitcoin may be nearing a cyclical bottom. Ultimately, this shift transforms these companies from perpetual Bitcoin sellers into neutral or even potential future buyers, strengthening the Bitcoin network's long-term health by removing structural selling pressure and creating a more efficient mining ecosystem.

marsbit03/11 03:42

Cheaper to mine, harder to profit – The new reality for Bitcoin miners!

ambcrypto02/28 08:02

Will AI Really Cause an Economic Collapse in 2028? New Metrics Reveal Another Possibility

A response to Citrini Research's "2028 Global Intelligence Crisis" paper argues against its prediction of an AI-induced economic collapse. The author posits that while AI will destroy the income side of the economy (wages, jobs), it will simultaneously and more rapidly destroy the cost side, leading to a "deflationary prosperity." Traditional economic metrics like GDP and unemployment rates are becoming obsolete in this new "post-human economy." The key measure of future prosperity will be "intelligence output per unit energy," which is exponentially increasing. This transition, though potentially turbulent, is not a crisis but a radical evolution. AI and automation are also seen as necessary to fill a looming demographic gap from a declining global workforce. The new economy will shift value creation towards uniquely human traits like empathy, creativity, and connection, which are not captured by traditional indicators.

比推02/25 12:37

Refuting the '2028 Economic Collapse Theory': AI Takes Your Job, But Also Makes Everything Almost Free

In response to Citrini Research's "2028 Global Intelligence Crisis" paper predicting AI-induced economic collapse, this article presents a counter-argument. It posits that while AI may eliminate jobs and reduce incomes, it will also drastically lower the costs of goods and services—from healthcare and legal advice to software and energy—creating a "deflationary prosperity." The author argues that traditional economic metrics like GDP and unemployment rates are becoming obsolete in this transition to a "post-human economy." The true measure of future prosperity should be "intelligence output per unit of energy," which is rising exponentially. This shift will not lead to systemic collapse but rather a radical transformation where value migrates from cognitive labor to uniquely human attributes like empathy, creativity, and connection. Although the transition may involve significant disruption, the outcome will be a more abundant and functional economic system.

marsbit02/25 09:46

Bitcoin's Global Hash Rate Drops 15% from Peak: Are Miners Being Lured Away by AI?

Bitcoin's network hashrate has declined by approximately 15% from its October peak, falling to around 977 EH/s, as miners face prolonged financial strain. Profitability has been deteriorating for five consecutive months, with December’s average daily block reward per EH/s hitting a record low of $38,700—down 7% month-over-month and 32% year-over-year. Factors include post-halving reduced rewards, rising operational costs, and regulatory impacts, such as the shutdown of an estimated 1.3GW mining capacity in Xinjiang. Amid these challenges, many mining firms are pivoting to AI data center operations, leveraging their existing power infrastructure and low electricity costs (often 3–5 cents per kWh). Some companies, like IREN, are adopting cloud computing leasing models, while others offer power and data center leasing to major tech firms like Google and Microsoft. Despite short-term pressures, analysis from VanEck suggests that falling hashrates have historically correlated with positive Bitcoin price performance over the following 180 days, with average returns of +72% during periods of hashrate contraction. This may indicate a market cleansing phase that could lead to greater industry consolidation and longer-term stability.

marsbit01/20 07:08