Bitcoin miners are shifting focus to AI, aiming to capitalize on the AI trend. Companies like BTBT, SLNH, WULF, HUT, IREN, CORZ, and HIVE have seen significant stock increases. The move is seen as an attempt to benefit from the AI explosion and secure new revenue streams.
Why So Many Bitcoin Mining Companies Are Pivoting to AI. #ArtificialIntelligence https://t.co/JDtvSFbvca
Crypto Frenzy in M&A as Bitcoin Miners Pivot to AI #AI #artificialintelligence #Bitcoin #Crypto #llm #machinelearning https://t.co/ahZcm3yl33 https://t.co/sRwFSDQ6Vi
π€πΊπΈ Crypto catches M&A frenzy as bitcoin miners chase AI boom! Bitcoin miners are diving into AI, transforming data centers to cash in on the AI explosion. Massive deals, diversification, and a new revenue pool β the crypto world is buzzing with activity. https://t.co/kht7zUMo0W
Imagine fading #bitcoin, miners, and other proxies like $MSTR $COIN yesterday Miners with a AI/HPC component are roaring back with a vengeance $BTBT +27% $SLNH +22% $WULF +19% $HUT +18% $IREN +10% $CORZ +9% $HIVE +8% Pure play are little slow to catch-up, but they will run⦠https://t.co/w1W8eWvacD
Does anyone have a view on the bitcoin minersβ opportunity to benefit from the AI trend given their significant secured power capacity? I ask more out of personal interest than from a professional investment perspective. Despite benefiting from a secular trend, these feel likeβ¦