Clear Street, a New-York-based financial services firm, projects two significant trends for Bitcoin (BTC) miners by 2025: Diversifying Revenue Through Held BTC Regulatory changes may lead to increased revenue for miners through their held BTC. For example, CleanSpark generates millions in interest annually by lending out its BTC via its HODL ETF. Similarly, companies like Bit Digital, Bitfarms, and TeraWulf plan to leverage their BTC holdings for staking programs and other revenue-generating initiatives. Expanding into High-Performance Computing (HPC) Miners are exploring HPC as a way to diversify their revenue streams. They leverage their data centers, power infrastructure, and expertise to provide services for AI-based operations. Bit Digital acquired EnviroSpark Data Centers to transition into a data center company, while TeraWulf secured an HPC contract, increasing its capacity to meet demands for AI research. These trends indicate a shift for BTC miners, moving beyond just mining to embrace broader revenue-generating opportunities.