Miners are leaving Bitcoin for AI amid rising energy costs 😱🔥🚀🔔✅

Bitcoin miners are shifting from cryptocurrency mining to artificial intelligence (AI) as high energy costs make it harder to make a profit. $AI

Bitcoin mining used to be a way to make easy money, but those days are gone, and AI is the only way to survive in an industry under pressure from all sides. 🔥🩸

Bitcoin has seen a 12% price increase in the past seven days, and the network’s hash rate has hit an all-time high. This makes mining even more difficult. 🔥🩸

Core is moving beyond just Bitcoin to AI and high-performance computing (HPC). Last month, it struck a $6.7 billion deal with CoreWeave, an Nvidia-backed startup. 🔥🩸

The deal allows Core to use Nvidia’s powerful graphics processing units (GPUs) to power AI models. Since its return, Core’s stock has more than doubled in value, garnering a market cap of nearly $3 billion. 🩸🔥

CEO Adam Sullivan explained that the company’s facilities were built not just for Bitcoin mining but also for high-performance computing $BTC