Bitcoin Miners’ AI Pivot Hit by Equity Selloff, VanEck Calls It Excessive
Bitcoin miners pursuing AI data-center expansion saw an average 35% October decline as broader risk-off selling and higher borrowing-cost concerns weighed on the sector.
Bitcoin miners pursuing AI data-center expansion saw an average 35% October decline as broader risk-off selling and higher borrowing-cost concerns weighed on the sector. Bitcoin (BTC) is trading at $75,788.00. This is an original TLT brief based on reporting by Bitcoinist, with live market data added, as of Thu, 05 Nov 2026 22:45:02 UTC.
The selloff raises questions about whether miners can reuse their power infrastructure for AI computing without inheriting the financing and valuation pressures facing AI companies. VanEck’s assessment that valuations fell below levels supported by existing fundamentals puts the sector’s operating economics against current market pricing.
- AI-expanding Bitcoin miners averaged a 35% October decline, according to Bitcoinist.
- VanEck considers the selloff excessive relative to miners’ existing business fundamentals.
- Bitcoin trades at $75,778, down 5.55% over 24 hours and 3.73% over seven days.
- Total crypto market cap is $2.61 trillion; the Fear & Greed Index is neutral at 50.
Bitcoin mining companies diversifying into AI data-center infrastructure experienced a sharp October selloff, with their stocks declining by an average of 35%, Bitcoinist reported. The move extended concerns affecting AI and data-center businesses into Bitcoin miners, particularly as rising borrowing costs at AI computing companies became a broader financing worry.
VanEck argued that the reaction was disproportionate, saying fear pushed miner valuations below levels justified by their existing business fundamentals. That assessment frames the decline as a repricing of expectations around the miners’ AI strategy rather than evidence of a reported collapse in their current operations; Bitcoinist also noted there were no reported cancellations of signed arrangements, although the supplied summary does not specify those agreements.
Decrypt covered a related but distinct market episode: Bitcoin fell nearly 5% as AI stocks declined, questions emerged following Democratic midterm victories, and forced liquidations erased a Wednesday rally that had been partly driven by short covering. The outlet therefore emphasized macro-policy uncertainty and positioning, while Bitcoinist focused more directly on the October performance of miners with AI ambitions and VanEck’s view that they were oversold.
The network’s operating backdrop is comparatively stable in the supplied live data. Bitcoin network hashrate stands at 1,026 EH/s and mining difficulty is 148.4T, according to mempool.space, providing current infrastructure figures alongside the equity-market selloff rather than indicating a network outage or operational disruption.
Live market data show broader caution: BTC is at $75,778, down 5.55% over 24 hours and 3.73% over seven days, while total crypto market capitalization is $2.61 trillion and the Fear & Greed Index reads 50, or Neutral. The near-term focus is whether borrowing-cost concerns continue to affect AI-linked equities and whether bitcoin-miner valuations begin to reflect VanEck’s stated view of their existing fundamentals; the market figures alone do not establish a recovery path.
Since this brief published about 8 hours ago, Bitcoin (BTC) has moved from $75,778.00 to $75,788.00 — +0.01%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, $152.67K 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 5 22:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦104.73M (about $75,788.00), down 6.3% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 5, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitcoin Miners’ AI Pivot Hit by Equity Selloff, VanEck Calls — questions & answers
How much did Bitcoin mining stocks fall in October?
Bitcoinist reported an average decline of 35% among mining companies expanding into AI data-center infrastructure.
Why does VanEck consider the mining-stock selloff excessive?
VanEck said fear pushed valuations below what the miners’ existing business fundamentals would justify.
What was Bitcoin’s live market position during the selloff?
Bitcoin was priced at $75,778, down 5.55% over 24 hours and 3.73% over seven days.
What network conditions accompanied the market decline?
Mempool.space data showed hashrate at 1,026 EH/s and difficulty at 148.4T.
How much is 1 Bitcoin worth in naira today?
About ₦104.73M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $75,788.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoinist. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.