Bitcoin miners advised to shift energy capacity to AI and HPC for increased profits

From Cointelegraph

August 17, 2024 11:43 PM:

Bitcoin miners are advised by VanEck to allocate some energy capacity to AI and HPC sectors to improve profitability and balance sheets.

By diversifying their energy usage, Bitcoin miners could potentially increase their profits and reduce risk associated with fluctuating Bitcoin prices.

VanEck suggests that allocating some energy capacity to AI and HPC sectors could help Bitcoin miners weather market volatility and improve their financial stability.

Read more at CoinTelegraph: Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck