Bitcoin Miners Shift To AI Compute As Mining Profits Shrink

TLDR Bitcoin miners are shifting toward AI computing because it pays far more than mining CoinShares data shows AI compute leases bring in about $1.5 million per megawatt a year, compared to $500,000 for Bitcoin mining Core Scientific paid roughly $42 million to cancel a next-generation mining hardware order Keel and Cipher sold parts of [...]

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