theenergymag analyzes a 23% reduction in the capacity of a bitcoin mine

Wu stated that it was informed that the Seenergymag analysis indicated that, as some Bitcoin mining companies shifted their infrastructure to HPC hosting and AI Cloud operations, listed mining companies had cut their real bitcoin computing power by about 23 per cent. Among companies active in retrofitting operations, HPC revenues from hosting and AI cloud have exceeded those from mining. However, the associated cumulative expenditure on adaptation is still about 15 times the current revenue generated. At the same time, the increase in bitcoin in late August and the decline in online competition have eased the profitability pressure on mining companies using high-efficiency machines。