According to BlockBeats, a report released by CoinShares pointed out that after the Bitcoin halving, cryptocurrency miners may turn to the field of artificial intelligence. The halving will cause miners to face a significant increase in costs, with electricity and overall production costs almost doubling. Mining companies may try to reduce these higher costs by optimizing energy costs, improving mining efficiency, and purchasing more affordable hardware, but in comparison, the potential benefits of turning obsolete computing equipment into the field of artificial intelligence may be higher.
Mining companies such as BitDigital (BTBT), Hive (HIVE), and Hut 8 (HUT) already generate revenue from AI. Meanwhile, TeraWulf (WULF) and Core Scientific (CORZ) have AI businesses or plans to develop them.
