Odaily Planet Daily reports that Bitcoin News posted on X that since January, publicly traded Bitcoin mining companies have been withdrawing ASIC miners and leasing the corresponding power capacity to AI tenants. The industry’s AI/HPC contract volume is estimated to have exceeded $70 billion. Bitcoin News also listed 10 publicly traded mining companies currently retrofitting their sites and the percentage of miners each has actually relocated.
Over $700 billion in AI/HPC contracts drive Bitcoin miners to rent out mining power
KuCoinFlashShare
Summary
Bitcoin news reports that since January, publicly listed mining companies have begun relocating ASIC miners and leasing hash power to AI clients. The AI/HPC contract market is now estimated to exceed $700 billion. Bitcoin news also listed 10 public mining companies currently adjusting their operations and the percentage of miners relocated. AI + crypto news continues to reflect significant industry shifts as miners transition to alternative revenue streams.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.