Crypto miners shifting to AI infra as Bitcoin profitability drops
Cryptocurrency-mining firms listed in the U.S. are increasingly pivoting from pure Bitcoin operations to AI data-centre infrastructure as bitcoin profit margins shrink. Companies such as Cipher Mining and IREN Ltd have seen share prices jump 300-500% this year on this strategic shift. Cipher, for example, signed a roughly $3 billion 10-year deal to boost its AI-compute capacity. Analysts say this trend signals a broader transformation in the crypto-mining industry toward AI workloads rather than token mining alone.
positive
14h ago
Crypto miners shifting to AI infra as Bitcoin profitability drops
Cryptocurrency-mining firms listed in the U.S. are increasingly pivoting from pure Bitcoin operations to AI data-centre infrastructure as bitcoin profit margins shrink. Companies such as Cipher Mining and IREN Ltd have seen share prices jump 300-500% this year on this strategic shift. Cipher, for example, signed a roughly $3 billion 10-year deal to boost its AI-compute capacity. Analysts say this trend signals a broader transformation in the crypto-mining industry toward AI workloads rather than token mining alone.
positive
Crypto miners shifting to AI infra as Bitcoin profitability drops
about 15 hours ago
1 min read
77 words
Crypto-mining companies pivoting into AI infrastructure as bitcoin profitability wanes and share prices soar on the shift.
Cryptocurrency-mining firms listed in the U.S. are increasingly pivoting from pure Bitcoin operations to AI data-centre infrastructure as bitcoin profit margins shrink. Companies such as Cipher Mining and IREN Ltd have seen share prices jump 300-500% this year on this strategic shift. Cipher, for example, signed a roughly $3 billion 10-year deal to boost its AI-compute capacity. Analysts say this trend signals a broader transformation in the crypto-mining industry toward AI workloads rather than token mining alone.
Cryptocurrency-mining firms listed in the U.S. are increasingly pivoting from pure Bitcoin operations to AI data-centre infrastructure as bitcoin profit margins shrink. Companies such as Cipher Mining and IREN Ltd have seen share prices jump 300-500% this year on this strategic shift. Cipher, for example, signed a roughly $3 billion 10-year deal to boost its AI-compute capacity. Analysts say this trend signals a broader transformation in the crypto-mining industry toward AI workloads rather than token mining alone.