ChainCatcher reported that according to Cointelegraph, VanEck said in a recent report: "Artificial intelligence companies need energy, and Bitcoin miners have energy." The company believes that Bitcoin mining companies face profitability risks brought about by fluctuations in operating costs and Bitcoin price fluctuations. They may find that shifting part of their energy production capacity to the growing fields of artificial intelligence (AI) and high-performance computing (HPC) is a good strategy.
“Bitcoin mining companies generally have terrible balance sheets, either because they have too much debt, too much equity issued, too much executive compensation, or all three,” VanEck said.
VanEck estimates that if publicly traded Bitcoin miners shifted 20% of their energy capacity to AI and high-performance computing by 2027, “the total additional profits would average more than $13.9 billion per year over 13 years.”
At the same time, VanEck noted that the benefit of Bitcoin mining companies signing such contracts is that these AI companies are often willing to provide the financial resources required for capital expenditures.
