Bitcoin Miners Face AI Squeeze As Hash Rate Flattens And Network Enters New Security Phase, Fidelity Says

Bitcoin miners' real prize is power as AI reshapes mining

Bitcoin miners spent years racing to secure cheap electricity, and that electricity has since become more valuable than the Bitcoin mining business built on it. That inversion drives Fidelity's May 2026 assessment that AI hosting could give miners a second revenue stream while flattening Bitcoin's hash rate as major operators redirect energy infrastructure away from pure mining, and two hyperscaler contracts have put a concrete price on what min…

Bitcoin Miners Face AI Squeeze As Hash Rate Flattens And Network Enters New Security Phase, Fidelity Says

Digital asset markets are slogging through a choppy 2026, with prices under pressure even as the underlying plumbing of the system quietly advances — from tokenization on Wall Street to quantum‑resistant upgrades on Bitcoin.  A new mid‑year update from Fidelity Digital Assets frames the year as one of “structural retooling,” where regulatory progress, infrastructure build‑out, and institutional experimentation are doing more work than headline p…