Bitcoin prices continue to adjust, and the days are indeed tough for mining companies. The competition for hash power is intensifying, and cost pressures remain high. The profit margins of traditional mining are being squeezed repeatedly, causing significant fluctuations in mining stocks.

However, this has also driven new opportunities—more and more mining companies are turning their attention to AI data centers. Instead of sticking solely to mining, they are reallocating their hash power resources to participate in the AI wave. This can diversify risks and perhaps even find growth opportunities in new tracks.

From passively enduring cyclical fluctuations to actively seeking business transformation, the "self-rescue" path of mining companies is accelerating. Whether they can regain stability with AI computing power depends largely on execution capability and the alignment of market opportunities.