Bitcoin miners may shift towards AI after the halving, says CoinShares, as it presents the potential for increased revenue. The report highlights companies like BitDigital, Hive, and Hut 8 already earning from AI, while TeraWulf and Core Scientific are either involved in AI operations or planning expansions. This shift may see mining operations move to stranded energy sites while AI investments grow in stable locations. The halving is expected to increase production costs, with post-halving projections estimating a weighted average cash cost of about $53,000, almost double the previous cost. Additionally, electricity costs are expected to rise from approximately $16,300 to around $34,900 per bitcoin. However, miners may mitigate these costs through optimization strategies and hardware upgrades. Following the halving, the hashrate is forecasted to reach 700 exahash by 2025, although a temporary 10% drop is expected as miners deactivate unprofitable machines. Hash prices are anticipated to decrease to $53 per terahash per day post-event.