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Home»Altcoins»Go for AI or stick with BTC?
Altcoins

Go for AI or stick with BTC?

2024-10-12No Comments1 Min Read
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At home/Crypto Live News/Bitcoin Miners at a Crossroads: Go AI or Stick with BTC?
Crypto Live News

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Bitcoin's remaining supply offers $74 billion in opportunity. What this means for miners

Bitcoin miners are at a crucial crossroads as they face difficult market conditions. While major miners such as Marathon Digital (MARA) and Riot Platforms (RIOT) have increased their share of Bitcoin mined, their stock prices remain stagnant due to lower profit margins following Bitcoin’s recent halving. In contrast, miners diversifying into artificial intelligence (AI) and high-performance computing (HPC), such as Core Scientific, have seen stock gains of up to 25%. As investor interest shifts to those deploying data centers for AI, traditional miners must decide whether to adapt or risk being left behind in a competitive market.

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