
Bitcoin miners are increasingly pivoting to artificial intelligence (AI) as the market cap of public Bitcoin miners exceeds $25 billion. This shift is driven by the growing demand for AI infrastructure, with companies like CoreWeave expanding their contracts to utilize cryptocurrency mining facilities for AI workloads. However, the complexity of designing and building data centers for AI may pose challenges, as noted by industry leaders. Concurrently, there has been significant activity in Bitcoin ETFs, with BlackRock's ETF seeing $83 million in inflows after a period of inactivity. Fidelity's FBTC and Bitwise's BITB are also leading the pack with notable inflows, including $11.8M on Thursday, with $8M from Bitwise. Bitcoin ETFs bought $73,000,000 BTC amid the 3rd consecutive day of ETF inflows, highlighting a renewed interest in Bitcoin investment products.
Why So Many Bitcoin Mining Companies Are Pivoting to AI. #ArtificialIntelligence https://t.co/JDtvSFbvca
NEW: After spending most the month taking in 0 flows, the BlackRock #Bitcoin ETF comes back to life with $83 million coming in yesterday 👀 https://t.co/scnxQ38Pst
#Bitcoin ETFs bought $73,000,000 $BTC








