Are Bitcoin miners becoming AI utilities? The math says yes
Bitcoin’s (BTC) April 2024 halving reduce block rewards from 6.25 to three.125 BTC, compressing the hash value and forcing Bitcoin miners to rethink their enterprise mannequin. Instead of ready for price markets to rescue margins, the biggest operators began signing contracts to lease infrastructure to AI tenants. Core Scientific dedicated 500 megawatts to CoreWeave for…
