**Bitcoin Miners' AI Dreams: A Costly Reality Check**
- Bitcoin miners are eyeing AI data centers to boost revenue, but it's not all sunshine and rainbows 🌦️.
- Phil Harvey, CEO of Sabre56, says running an AI center costs 10-15x more than a crypto mining facility.
- A typical mining operation costs $300k-$350k per megawatt; AI centers? A whopping $3M-$5M per megawatt!
- Only about 20% of a miner's setup can support AI needs, and space is a big issue—5,000 sq ft per megawatt for AI vs. 1,000 for crypto.
- VanEck projects $13.9B in yearly revenues if miners pivot to AI, but the upfront costs are sky-high.