According to Cointelegraph, Bitcoin mining companies are trying to increase revenue by turning to high-performance computing data centers. Sabre56 CEO Phil Harvey said that this transformation is costly. The cost of running an AI data center is 10-15 times that of a crypto mining farm, with a cost of between $3 million and $5 million per megawatt, while a crypto mining farm costs only $300,000 to $350,000.

Harvey pointed out that a mining farm with 1 GW of power can only convert about 200 MW at most for high-performance computing. About 20% of mining farms have the ability to provide key attributes such as power, data and land.

Additionally, an AI data center requires 5,000 square feet of space per megawatt, while a crypto mining farm only requires 1,000 square feet. The upfront cost of converting a facility is also high, with more than 90% of the existing infrastructure needing to be replaced.

In August, Bitcoin miners experienced their worst revenue in 11 months, prompting them to look for other sources of income. VanEck reported that if miners used 20% of their production capacity for AI data processing and high-performance computing, they could increase their revenue by $13.9 billion per year.