Reported 1 day ago
Bitcoin miners are grappling with record hashrate levels and diminishing profit margins, prompting them to consider whether to sell off their inventories, consolidate operations, or explore opportunities in artificial intelligence computing. With electricity costs rising and competition from AI data centers intensifying, many miners are forced to reassess their strategies. The recent acquisition of Core Scientific by CoreWeave highlights the shift towards high-performance computing, while firms like American Bitcoin Corp illustrate the evolving landscape where mining may become less profitable without adjustments. The coming months will be critical in determining how miners respond to these challenges and whether they can pivot towards AI opportunities or need to liquidate their Bitcoin holdings.
Source: YAHOO