Youngsters in small towns once struck it rich with Bitcoin mining, but after halvings, power costs, and crashes, it’s no longer as profitable. Companies like Bit Digital are shutting down Bitcoin operations to focus on Ethereum and AI. Bitfarms plans to redomicile to the U.S. and rebrand as Keel Infrastructure, transforming from Bitcoin to AI/HPC operations. Tether unveiled Mining OS to automate Bitcoin mining, just after winding down operations in Uruguay due to high energy costs. The shift away from Bitcoin mining to AI operations is becoming a trend in the industry.

Read more at Yahoo Finance: Popular crypto company exits Bitcoin amid crash