Bitcoin miners gambled on AI last year, and it paid off
When mining got tough, these firms chased AI dreams. Here’s how it panned out.
Bitcoin miners turned to the rising AI trend ahead of the 2024 halving, which cut block rewards to 3.125 Bitcoin (BTC).
Some just dipped their toes in, while others dove deeper, repurposing rigs, raising credit and signing billion-dollar deals.
But how’s that spinoff working out in reality? In some instances, the move has been a lifeline that generates much-needed revenue as their Bitcoin earnings dropped. For others, it’s more of a safety net that can cushion future halving shocks.
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