{"id":16209,"date":"2024-08-19T13:57:28","date_gmt":"2024-08-19T10:57:28","guid":{"rendered":"https:\/\/forklog.com\/en\/ai-to-boost-bitcoin-miners-revenue-by-13-9-billion-annually-report-finds\/"},"modified":"2024-08-19T13:57:28","modified_gmt":"2024-08-19T10:57:28","slug":"ai-to-boost-bitcoin-miners-revenue-by-13-9-billion-annually-report-finds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ai-to-boost-bitcoin-miners-revenue-by-13-9-billion-annually-report-finds\/","title":{"rendered":"AI to Boost Bitcoin Miners&#8217; Revenue by $13.9 Billion Annually, Report Finds"},"content":{"rendered":"<p>Bitcoin miners could see an additional $13.9 billion in annual revenue by 2027 if they allocate 20% of their energy capacity to the AI and high-performance computing sectors, according to a report by <a href=\"https:\/\/www.vaneck.com\/us\/en\/blogs\/digital-assets\/matthew-sigel-bitcoin-miners-ai-arbitrage-play-to-boost-revenue\/\">VanEck<\/a>.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;AI companies need energy, and bitcoin miners have it,&#8221; the company noted.\u00a0<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXe7yCngpXDmPdnTd6fWju8H_xR-wRN2MxTZyF4NY_m7tc2eF_jB2b97i6yN_xO-KvcX6oPqdXwovmvzedu953poM8pvW1nl6k4H9xZ6Jx4VZJX5mQfHl5t5I4nJC7VoGOHG2Ygn-cRgSoV05kBi8Ndrn0WJ?key=t1QSTpFOffZbYKos2bfgbA\" alt=\"\u041e\u0442\u0447\u0435\u0442: \u0418\u0418 \u043f\u0440\u0438\u043d\u0435\u0441\u0435\u0442 \u043c\u0430\u0439\u043d\u0435\u0440\u0430\u043c $13,9 \u043c\u043b\u0440\u0434 \u0434\u043e\u043f\u043e\u043b\u043d\u0438\u0442\u0435\u043b\u044c\u043d\u043e\u0433\u043e \u0433\u043e\u0434\u043e\u0432\u043e\u0433\u043e \u0434\u043e\u0445\u043e\u0434\u0430\"\/><figcaption class=\"wp-element-caption\">Some companies have already integrated high-performance computing and AI into their operations. Data: VanEck.<\/figcaption><\/figure>\n<p>Investment firm experts pointed out that miners typically have weak balance sheets due to excessive debt, stock issuance, large executive payouts, or a combination of these factors.<\/p>\n<p>However, they have access to large volumes of electricity. VanEck highlighted that suitable sites could power the GPUs responsible for AI operations in less than a year, a much quicker process than the over four years required to launch new data centers.<\/p>\n<p>Earlier, experts from the Bitcoin Policy Institute noted that AI&#8217;s energy consumption likely already exceeds that of mining. AI offers 17-25 times more revenue per kWh compared to bitcoin mining\u2014$0.17-0.2 versus $3-5.<\/p>\n<p>In July, Bernstein forecasted a shift of 20% of mining capacity to AI.\u00a0<\/p>\n<p>The company&#8217;s analysts also predicted a potential electricity shortage in the U.S. within two years if the growth rate of data centers for neural networks continues.\u00a0<\/p>\n<p>Back in June, Core Scientific signed a 12-year contract with CoreWeave to provide infrastructure with 200 MW capacity for hosting Nvidia GPUs.<\/p>\n<p>In the same month, Hut 8 raised $150 million to develop AI computing infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin miners could see an additional $13.9 billion in annual revenue by 2027 if they allocate 20% of their energy capacity to the AI and high-performance computing sectors, according to a report by VanEck.\u00a0 &#8220;AI companies need energy, and bitcoin miners have it,&#8221; the company noted.\u00a0 Some companies have already integrated high-performance computing and AI [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1137],"class_list":["post-16209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"57","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16209"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16208"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}