Bitcoin mining costs surge to record highs as miners pivot toward AI infrastructure and data-driven business models.

Cloud mining second quarter report: the number of miners soared by 15.5%, electricity costs dropped by 25%, AI operations helped, and revenue increased by more than 33%.

MARA CEO Fred Thiel warns that rising energy costs are squeezing Bitcoin mining margins. Firms are pivoting to AI to maintain profitability.

In broad daylight, law enforcement officers raid a warehouse on the outskirts of the city of Sukhumi in Abkhazia, a Russia-backed breakaway Georgian region. No one’s there; no drugs or weapons either.