According to Odaily Planet Daily, VanEck recently said that artificial intelligence companies need energy, while Bitcoin miners have energy. Bitcoin mining companies face the risks of operating costs and Bitcoin price fluctuations, and turning to artificial intelligence and high-performance computing is a good choice strategy.
VanEck said bitcoin miners often have bad balance sheets due to excessive debt, excessive equity issuance or excessive executive compensation. VanEck estimates that by 2027, if publicly traded bitcoin miners shift 20% of their energy capacity to artificial intelligence and high-performance computing, the total additional profits will average more than $13.9 billion per year.
Additionally, VanEck noted that the benefit of Bitcoin mining companies signing such contracts is that AI companies are often willing to provide the financial resources required for capital expenditures.