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JUST IN: Bitcoin miners are betting on AI: Is that a problem?
The list of Bitcoin mining companies that have diversified into AI in the past year includes Applied Digital, Bit Digital, Bit Mining Ltd., Bitdeer Technologies, Bitfarms, Cango, Cipher Mining, CleanSpark, Core Scientific, Galaxy Digital, HIVE Digital Technologies, Hut 8, Iris Energy, MARA Holdings, Riot Platforms, and TeraWulf.
It should be noted that the degree to which these companies have moved away from Bitcoin varies. That said, AI is likely to account for the majority of revenue for many of these companies by the end of the year.