Ethereum

Shift

Bitcoin

Hive

After a slump in 2022, cryptocurrency miners are seeking profitable horizons by embracing the AI sector. A JPMorgan report revealed that major mining companies are no longer just mining Bitcoin; they now offer high-performance computing services in AI, a rapidly growing industry, according to <a href="https://www.financemagnates.com/cryptocurrency/the-new-digital-gold-rush-cryptocurrency-miners-eye-ai-horizons/">financemagnates</a>.&nbsp; 
<a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/">Riot</a> Blockchain has become <a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/">Riot</a> Platform, and Hive Blockchain Technologies is now Hive Digital Technologies, reflecting their diversified business. Moreover, GPUs once used for <a href="https://ultramining.com/news/en/binance-pool-breaks-ground-with-bitcoin-cash-mining-service/">Ethereum</a> mining are finding a second life in AI computing. Consequently, providing these services could be more profitable than <a href="https://ultramining.com/news/en/terawulf-reveals-impact-of-location-on-energy-costs-for-bitcoin-mining/">Bitcoin mining</a>, as the global mining industry saw a revenue drop of $6 billion last year. This shift represents a significant evolution and a chance to improve financial results for mining companies. The trend marks a fusion of two major technology realms, potentially paving the way for further innovation and synergy. Subscribe to our Telegram <a href="https://t.me/ultraminingcom">channel</a>! Only the most interesting stuff there

AI’s New Frontier: Bitcoin Miners Shift to Profitable Computing Services

Ultramining_Eng

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