VanEck: Due to unstable mining revenues, U.S. Bitcoin mining companies are transitioning to artificial intelligence and high-performance computing

2025-02-21 12:23:15

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According to ChainCatcher news, as reported by Cryptoslate citing a VanEck report, Bitcoin mining companies are accelerating their transition to artificial intelligence (AI) and high-performance computing (HPC) businesses due to unstable transaction fee income.

The report points out that while network congestion may lead to short-term fee increases, the rise of off-chain solutions such as exchange-traded funds (ETFs), futures markets, layer two networks, and centralized exchanges creates uncertainty for long-term on-chain revenue growth.

It is reported that several mining companies, including Cipher Mining, Iris Energy, Riot Platforms, and HIVE Digital Technologies, have begun to lay out related businesses.

VanEck expects that Bitcoin mining companies will allocate 20-30% of their power capacity for AI and HPC businesses in the future to diversify their revenue sources.

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