Miners with AI and high-performance computing contracts have commanded higher valuations as declining bitcoin prices and hashprice squeeze pure-play operators.
The shift from bitcoin mining to artificial intelligence has proven to be one of the industry’s most profitable capital decisions, doubling the valuations of the companies that adopted it, while pure miners suffer from the collapse of hashprice and capitulation. However, a return of BTC to its historic peak could revive traditional mining, according to CoinShares. *** Bitcoin miners who diversified into AI and HPC contribute 12.3 times their bus…