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VanEck: Bitcoin miners could make $13.90 billion a year from 20% AI and high-performance computing energy transfer

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2024-08-18 03:59:57
On August 18, VanEck said in a report recently: "Artificial intelligence companies need energy, and bitcoin miners have energy." The company believes that bitcoin miners face the risk of profitability caused by fluctuations in operating costs and bitcoin price fluctuations, and they may find that shifting some of their energy capacity to the growing artificial intelligence and high-performance computing fields is a good strategy. VanEck said: "Bitcoin miners often have poor balance sheets, either because of too much debt, too much stock issued, too much executive compensation, or a combination of all three." VanEck estimates that if publicly traded bitcoin miners shift 20 per cent of their energy capacity to artificial intelligence and high-performance computing by 2027, "the total additional profits will average more than $13.90 billion a year over 13 years."
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