Reported 1 day ago
Crypto mining companies are increasingly transitioning to AI hosting to secure more reliable revenue amidst fluctuating bitcoin rewards. After a significant bitcoin halving event, firms like Galaxy Digital and Core Scientific are retrofitting their mining facilities to cater to the growing demand for AI data centers. This pivot not only promises consistent cash flow but also positions miners to benefit from the expected surge in energy demand driven by AI technologies, even as they seek partnerships with major tech firms to enhance operational stability.
Source: YAHOO