Bitcoin miners profit from artificial intelligence, but bitcoin mines or returns

The investment of Bitcoin miners in the areas of artificial intelligence and high performance (AI/HPC) is considered one of the best capital allocation decisions of the past decade. Although this shift has been going on for several years, the profitability of miners has been affected by a 45 per cent fall in prices. With the surge in demand for AI and the decline in demand for bitcoin, there was a marked difference in stock market performance between the company that had been awarded the HPC contract and the company that focused on bitcoin mining. The stock prices of early adopters, such as Terrawulf, Irene and Cipher Digital, doubled over the past year, while those of Mara Holdings, lagging behind in the transition to AI, fell by 40 per cent。