According to Odaily, VanEck recently released a report highlighting the potential synergy between artificial intelligence (AI) companies and Bitcoin miners. The report states, 'AI companies need energy, and Bitcoin miners have energy.' VanEck suggests that Bitcoin mining companies, which face profitability risks due to fluctuating operational costs and Bitcoin prices, might find it advantageous to allocate part of their energy capacity to the growing AI and high-performance computing sectors.
VanEck points out that Bitcoin mining companies often have poor balance sheets, plagued by excessive debt, over-issuance of stock, high executive compensation, or a combination of these factors. The firm estimates that if publicly traded Bitcoin mining companies shift 20% of their energy capacity to AI and high-performance computing by 2027, the additional annual profit could average over $13.9 billion within 13 years.
Additionally, VanEck notes that one of the benefits for Bitcoin miners entering into such contracts is that AI companies are typically willing to provide the necessary financial resources for capital expenditures.
