Bitcoin Mining Companies Reaffirm Core Business Position

MARA Holdings CEO Fred Thiel stated to shareholders that Bitcoin mining remains the company's core business. Bitdeer Chief Strategy Officer Haris Basit mentioned that the company does not wish to rely on any single market cycle. Amid the sell-off of AI stocks, some large Bitcoin mining companies that previously shifted towards AI infrastructure are re-emphasizing their cryptocurrency business. After the Bitcoin halving in 2024, mining profit margins are being squeezed, leading several mining companies to expand their operations into AI infrastructure. Recently, IREN and CoreWeave's stock prices have plummeted, with CoreWeave's bond yields reaching junk bond levels, and Bitcoin prices have also fallen from the historical high set in October 2025.

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