# Fred Thiel: Why Bitcoin Miners Are Pivoting to AI

Page: https://stenobird.com/podcast/coin-stories-with-natalie-brunell-3903411/fred-thiel-why-bitcoin-miners-are-pivoting-to-ai
Text version: https://stenobird.com/podcast/coin-stories-with-natalie-brunell-3903411/fred-thiel-why-bitcoin-miners-are-pivoting-to-ai.md
Podcast: [Coin Stories with Natalie Brunell](https://stenobird.com/podcast/coin-stories-with-natalie-brunell-3903411)
Published: 2026-07-23T11:44:00+00:00
Episode link: https://coinstories.libsyn.com/fred-thiel-why-bitcoin-miners-are-pivoting-to-ai
Audio file: https://traffic.libsyn.com/secure/coinstories/072226_Fred_Thiel_Full_Interview.mp3?dest-id=2813255
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JSON: https://stenobird.com/v1/public/podcasts/coin-stories-with-natalie-brunell-3903411/episodes/fred-thiel-why-bitcoin-miners-are-pivoting-to-ai
Duration seconds: 3995

## Resource

What does the future of Bitcoin mining actually look like? This week, Fred Thiel joins Coin Stories for a candid, wide-ranging conversation. Fred runs MARA (formerly Marathon Digital Holdings), one of the biggest public Bitcoin miners in the world. We get into why so many miners are pivoting to AI, what it means for Bitcoin, and his honest, big-picture read on where Bitcoin fits as an asset — including why he says power, not chips, has become the most valuable resource in tech, and why that puts some miners in a surprisingly strong position. We discuss: Why Bitcoin miners are pivoting to AI — and what it means for the network Why Fred has put Bitcoin "in a different box" The story behind MARA selling 20,000 Bitcoin Where he sees Bitcoin's price versus its long-term value His candid take on whether Bitcoin ever becomes money The quantum computing threat to Bitcoin wallets Follow Fred Thiel on X: https://x.com/fgthiel ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU ---- Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie and use code COINSTORIES10 for 5,000 free sats after your first transaction. ---- Ledn is the global leader in Bitcoin-backed loans, issuing over $10 billion in loans since 2018, and they were the first to offer proof of reserves. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. Get .25% off your first loan, learn more at https://www.Ledn.io/natalie ---- Abundant Mines is a fully-managed Bitcoin mining in…

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