{
  "id": 3453175,
  "title": "AI gold rush draws crypto firms away from Bitcoin",
  "url": "https://urgent.news/2026/08/25/ai-gold-rush-draws-crypto-firms-away-from-bitcoin-3453175",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-25T23:11:02.000Z",
  "source": {
    "name": "BBC Technology",
    "slug": "bbc-technology",
    "url": "https://www.bbc.co.uk/news/articles/c07ler8x9kpo?at_medium=RSS&at_campaign=rss"
  },
  "original_language": "en",
  "account": "As the price of Bitcoin plummeted from its October 2025 peak, mining companies shifted their focus to artificial intelligence (AI). These firms previously invested heavily in massive banks of computers to mine Bitcoin, but now divert their computing power towards AI development. Bitcoin mining companies like TerraWulf, Ionic Digital, and Core Scientific have signed deals with AI firms, including a $9 billion, 20-year agreement with Anthropic. The switch to AI is expensive and difficult to reverse, with companies selling some Bitcoin holdings to fund the transition. Despite rising Bitcoin prices, experts predict a continued industry shift, as retrofitting mining infrastructure for AI proves costly and time-consuming.",
  "summary": "The price of Bitcoin has risen in August but is still far below its peak almost a year ago - and companies are refitting their mines.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "BBC Business",
        "title": "AI gold rush draws crypto firms away from Bitcoin",
        "url": "https://urgent.news/2026/08/25/ai-gold-rush-draws-crypto-firms-away-from-bitcoin",
        "published": "2026-08-25T23:11:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}