The article discusses the growing trend among public bitcoin miners to pivot towards artificial intelligence (AI) and high performance compute (HPC) as a business strategy. Leading miners like Core Scientific, Bit Digital, Hut 8, Hive, and IREN already have revenue-generating AI/HPC business lines, while others like Crusoe Energy, Lancium, Cipher, Terawulf, Riot, and Bitfarms are exploring or developing in this area. The Stargate Project, backed by SoftBank and OpenAI, further emphasizes the push for AI development. However, the article suggests that there is room for both AI/HPC and pure-play bitcoin mining strategies. It also evaluates the strategies of companies like Bit Digital and Core Scientific and discusses the potential coexistence of AI/HPC and bitcoin mining.



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