🚀 Flexible Mining Companies: A New Investor Focus?
posted 19 Aug 2024
Bernstein analysts report a growing investor interest in Bitcoin mining companies that are shifting their focus to the artificial intelligence (AI) and high-performance computing (HPC) sectors.
We are seeing significant investor interest in bitcoin miners pursuing AI/HPC, and the same investors are questioning if all miners should pivot to AI,Gautam Chhugani, Mahika Sapra and Sanskar Chindalia wrote in a note to clients.
The analysts highlight that these miners will need to adapt their hardware (since ASIC miners aren't suitable for AI training) and revise their revenue strategies. While they may no longer need to consider the timing of BTC sales, they will need to focus on other ways to enhance operational efficiency.
We recently published an article discussing the mining industry's transformation, driven by market volatility and advancements in AI. The article also delves into the energy challenges associated with this shift.
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