Crypto Miners Pivot to AI as Mining Margins Shrink

[madmax]

Bitfarms’ transition highlights a broader trend across the industry. Companies like Iris Energy, Cipher Mining, Riot Platforms, and MARA Holdings are increasingly expanding into AI and high-performance computing.

With Bitcoin mining profitability under pressure from declining prices and rising difficulty, AI infrastructure offers higher margins and more stable long-term demand. This shift suggests that the future of many mining firms may lie in powering AI rather than mining crypto.

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“mining is dead, long live ai” same hardware, different buzzword