{"id":17082,"date":"2024-09-18T17:36:43","date_gmt":"2024-09-18T14:36:43","guid":{"rendered":"https:\/\/forklog.com\/en\/ai-focused-bitcoin-miners-outperform-traditional-rivals\/"},"modified":"2024-09-18T17:36:43","modified_gmt":"2024-09-18T14:36:43","slug":"ai-focused-bitcoin-miners-outperform-traditional-rivals","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ai-focused-bitcoin-miners-outperform-traditional-rivals\/","title":{"rendered":"AI-Focused Bitcoin Miners Outperform Traditional Rivals"},"content":{"rendered":"<p>Shares of bitcoin miners that also engage in artificial intelligence are outperforming those of competitors focused solely on cryptocurrency mining, according to analysts at Bernstein, reports <a href=\"https:\/\/www.theblock.co\/post\/317061\/ai-bitcoin-miners-outperforming-bernstein\">The Block<\/a>. <\/p>\n<p>AI-oriented miners such as Core Scientific, IREN, and Terawulf have achieved greater success due to investor confidence in diversified business models, more predictable revenue streams, and enhanced flexibility. <\/p>\n<p>Analysts noted that the hash rate growth of such miners may be slower than those focused exclusively on bitcoin. However, AI-focused companies are expanding data center infrastructure, opening up additional opportunities in the rapidly growing artificial intelligence sector. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeb6fbIUrpPYxo28qui1RJKgb0OWK2Y649vNXq4RsM1JfCoJDAdk37sIWt7_V9f2C9i2mcRibA-_vUPfRBZCFAD190Ws2MYwQibueIRdPZnrtplUj_9jFjcjLmie854TEge6z8TxY3-P76dtZ_e8I9r23er?key=PKBbTV3DyF7T_1s60CxzUg\" alt=\"AI-Focused Bitcoin Miners Outperform Traditional Rivals\"\/><figcaption class=\"wp-element-caption\">Stock performance of various bitcoin miners compared to digital gold. Data: Bernstein.<\/figcaption><\/figure>\n<p>Experts also observed differences in the behavior of different categories of mining players:<\/p>\n<ul class=\"wp-block-list\">\n<li>large companies such as MARA (formerly Marathon Digital), Riot Platforms, and CleanSpark hold significant volumes of bitcoins on their balance sheets. They sold less compared to 2023 and retained 100% of what was mined in August. These firms are willing to raise external capital or dilute shares to expand their market share in mining;<\/li>\n<li>data center-oriented companies, on the other hand, do not hold bitcoins on their balance sheets. This is often due to internal policies or debt obligations. They sell 100% of their rewards to finance operations.<\/li>\n<\/ul>\n<p>Bernstein noted that public miners engaged solely in cryptocurrency mining are likely to hit bottom around current price levels and will benefit from bitcoin&#8217;s rise once uncertainty surrounding the US elections dissipates. <\/p>\n<p>Earlier, experts highlighted that miners <a href=\"https:\/\/u1f987.com\/en\/news\/the-convergence-of-ai-and-cryptocurrency-miners-transition-to-data-centers-and-filecoin-partners-with-singularitynet\">are attractive partners<\/a> for creating data centers for AI due to their access to power sources and operational capabilities.<\/p>\n<p>Artificial intelligence <a href=\"https:\/\/u1f987.com\/en\/news\/ai-energy-consumption-surpasses-bitcoin-mining\">offers 17-25 times more revenue<\/a> per kWh spent compared to bitcoin mining \u2014 $0.17-0.2 versus $3-5.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of bitcoin miners that also engage in artificial intelligence are outperforming those of competitors focused solely on cryptocurrency mining, according to analysts at Bernstein, reports The Block. AI-oriented miners such as Core Scientific, IREN, and Terawulf have achieved greater success due to investor confidence in diversified business models, more predictable revenue streams, and enhanced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17081,"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-17082","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":"65","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17082","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=17082"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17081"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}