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Author: Admin | 2025-04-27
By reducing the amount of computing power dedicated to mining blocks, this shift could actually benefit the broader mining ecosystem. Miners that are unable to meet the needs of AI/HPC sites could gain greater profitability from improved hash prices. As more miners go offline, Bitcoin prices rise, and the increase in hash prices will significantly increase profitability for all Bitcoin miners. With Bitcoin prices up a whopping 143% year to date and a new pro-Bitcoin president in the White House, Bitcoin mining in the United States is poised to enter its strongest era yet. The intersection of crypto and AI is arguably one of the hottest crypto sectors in 2024. As of December 2024, the total market capitalization of crypto projects building AI projects using liquid tokens is approximately $33 billion. In addition, Galaxy Research estimates that in 2024, over $382 million in venture capital has been allocated to early-stage crypto AI startups. While most crypto AI projects lack product-market fit, the intersection of Bitcoin mining and the growth of AI/HPC businesses is clear. Bitcoin mining’s entry into AI stands out from other overlapping areas of the two sectors because it has the potential to massively supply the most important component of AI/HPC businesses – energy. As a result, Bitcoin miners holding AI/HPC convertible assets may be one of the only pure and scalable crypto x AI investments in the industry today.
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