BBX: "Clearing Computing Power" and "AI Migration" - Bitdeer Enters the 9 J/TH Era, Mining Enterprises Sell Treasury and Transform into HPC

BBX News: Yesterday, globally listed companies showed an extremely cold realism in their encrypted treasury and hardware infrastructure. The mining industry in 2026 is no longer a bull market frenzy dominated by blind expansion, but has evolved into a deep reshuffle around "extreme cost reduction" and "business escape": - Extreme hardware efficiency: Bitdeer Technologies Group (NASDAQ: $BTDR) has released the SEALMINER A4 series at 9.45 J/TH, regaining profit pricing power in the industry chain through its self-developed SEAL04 chip. - Business divestment to AI: MARA Holdings, Inc. (NASDAQ: $MARA) has joined forces with traditional asset management and overseas data centers to convert mining sites into AI high-performance computing centers at any cost, resulting in structural loss of Bitcoin computing power. - Shrinking computing power across the entire network: In Q1 of 2026, the network's computing power recorded its first 4% decline in six years, announcing the complete end of the era of blindly laying low efficiency mining machines. The collapse of the treasury faith: Riot Platforms, Inc. (NASDAQ: $RIOT) sold Bitcoin at 2.5 times its production volume, revealing the enormous cash flow pressure faced by top mining companies. - Compliance infrastructure sinking: Foundry Digital's institutional level empowerment of Zcash (ZEC) mining pools indicates that traditional mining giants are seeking compliant alternative assets with high gross margins beyond Bitcoin. The market presents a clear dual evolutionary trend of "internalization of computing hardware manufacturing" and "monetization of top mining companies' balance sheets (AI transformation)". Source: bbx.com