Bitcoin Miners' AI Pivot Creates Immediate Network Security Risk, But BTC Revenue Still Tops AI by $4B+

Public Bitcoin miners are rapidly repurposing power and facilities for AI, posing an immediate threat to network security as mining revenue—currently $4.65B annually at $80k BTC—faces competition from $67M AI run-rates that could grow to rival it. The pivot accelerated after 2024 hardware halts and projections of mining revenue dropping from 90% to 30% of totals, sparking debate between Charles Edwards' security warnings and Adam Back's optimism on difficulty adjustments boosting profitability. Higher BTC prices could slow conversions, but AI demand risks consolidating hash power and decoupling miner equities from Bitcoin.