MARA CEO Fred Thiel: AI Data Centers Beat Bitcoin Mining On Power Returns

TLDR: MARA CEO Fred Thiel says AI compute earns more revenue per megawatt than Bitcoin mining.  Bitcoin mining costs $1 million per megawatt versus $10-15 million for AI infrastructure.  AI data centers attract easier financing since major tech tenants offer stable, low-risk contracts.  MARA plans a gradual shift, mining Bitcoin until AI construction needs full [...]

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