**Bitcoin Miners Eye AI for Revenue Boost**
Bitcoin miners could rake in an extra $13.9 billion annually by 2027 if they pivot some energy resources to the AI and high-performance computing (HPC) sectors, according to VanEck. The investment firm suggests that miners, often struggling with volatile costs and Bitcoin price swings, might benefit from this strategic shift.
- **Energy Demand:** AI companies need substantial energy, which Bitcoin miners can supply.
- **Financial Strain:** Many miners face financial challenges due to debt, share issuance, and high executive compensation.
- **Potential Profits:** Redirecting 20% of energy capacity to AI and HPC could significantly boost profits.
Several miners, like Core Scientific and Hive Digital Technologies, are already integrating HPC services into their operations. This move comes as miners face reduced rewards post-Bitcoin halving and declining revenues, as seen with Marathon Digital's recent earnings miss.
VanEck's report highlights the growing synergy between Bitcoin mining and AI, offering a potential lifeline for miners in a tough market.