Tech giants may outbid Bitcoin miners for power, impacting profitability and dynamics of mining

From Cointelegraph

November 5, 2024 7:59:23 pm:

Deep-pocketed tech giants may outbid Bitcoin miners for prime power sources, potentially squeezing them out of the market. This could lead to a shift in the dynamics of Bitcoin mining operations, affecting the profitability of smaller miners. The competition for power sources is intensifying as demand for Bitcoin mining increases.

Read more at Cointelegraph: Tech giant’s failed AI energy deals could pull power from Bitcoin