Bitcoin miners that shift their focus to AI and high-performance computing (HPC) could boost their profits by up to $13.9 billion annually.<\/p>\n
That’s according to an<\/span> Aug. 16 report<\/a> by fund management titan VanEck, which says that <\/span>if listed miners convert only 20% of their e<\/span>xisting and targeted power capacity to AI and HPC by 2027, they can add annual profits exceeding $13.9 billion over 13 years.<\/span><\/p>\n ”The synergy is simple: AI companies need energy, and bitcoin miners have it,” wrote head of digital assets research Matthew Sigel. ”Bitcoin miners generally have bad balance sheets, either because of too much debt, too much share issuance, too much executive compensation, or some combination of all three.”<\/p>\n Bitcoin Miners are Shifting to AI & HPC, Unlocking New Revenue Through Strategic Arbitrage<\/p>\n We Estimate a $38B Net Present Value Opportunity by Converting 20% of their Collective Capacity by 2027. <\/p>\n (For context, the combined market cap of the stocks we looked at is $19B.)<\/p>\n 🧵 pic.twitter.com\/hudE7PbXH2<\/a><\/p>\n — matthew sigel, recovering CFA (@matthew_sigel) August 16, 2024<\/a><\/p><\/blockquote>\n\n