Cryptocurrency mining companies are writing off large volumes of older equipment as they adapt their infrastructure for artificial intelligence workloads, the source reports, citing TheEnergyMag.
The publication estimates that in the first half of 2026, losses tied to obsolete equipment at major US mining companies will reach $1.5 billion. These are assets that are no longer efficient for bitcoin mining or are being repurposed for other uses.
Publicly listed mining companies in the US have cut their bitcoin mining capacity — hash rate — by 75 EH/s. According to TheEnergyMag, if equipment is valued at $20 per TH/s, that amount of capacity corresponds to roughly $1.5 billion worth of hardware.
The estimate covers the equipment itself only. It does not include buildings, electrical gear, cooling systems or installation work needed to run that infrastructure.
The shift highlights a broader industry trend as mining companies redirect capital and infrastructure toward projects serving demand for computing power used in artificial intelligence.
