Mining revenue is projected to plummet from around 85% of total revenue in early 2025 to less than 20% by the end of 2026 for companies that have secured AI contracts, CoinShares stated in a December report.Trending: Build your own AI-powered index in minutes — and earn an uncapped 1% match when you move your portfolio to Public. Learn how it works.Interestingly, BitMEX co-founder Arthur Hayes suggested last week that Bitcoin’s 50% drawdown reflects fears of an AI-driven credit shock rather than weakness in ...