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Bitcoin miners are increasingly leveraging their electricity reserves to serve AI companies, opening up new revenue streams. TeraWulf, which mines most of its bitcoin using nuclear energy, expects to see more merger proposals for bitcoin mining companies, according to CSO Kerri Langlais. Despite a 13.5% drop in Bitcoin, miners' market value soared 32.5% by July 3. TeraWulf averaged $32,373 per bitcoin self-mined in June. A JPMorgan report highlights that miners can allocate 3.6 gigawatts now, with 4.5 gigawatts more on the way. Smaller AI players are taking advantage of this spare power.
MINERS HACK THE AI REVOLUTION Bitcoin miners are turning their power into gold by serving up electricity to AI companies. Despite a 13.5% drop in BTC, miners' market value soared 32.5% by July 3. Smaller AI players aren't as picky, snapping up spare power from miners like Core… https://t.co/GaFH8EwWGY
TAPPING INTO AI, CRYPTO MINERS GET AN EDGE Bitcoin miners are leveraging their electricity reserves to serve AI companies, opening up new revenue streams. A JPMorgan report highlights that miners can allocate 3.6 gigawatts now, with 4.5 gigawatts more on the way. Core… https://t.co/oXIiCWwnjp
Some miners will stick to purely mining Bitcoin while others will diversify and collect $$$ by capitalizing on the AI boom. It’ll be interesting to see which strategy pays off long term. https://t.co/Z5og1PSmQt