Bitcoin miners have amassed $100 billion of AI deals, but almost none of the revenue exists yet
Bitcoin miners have signed more than $100 billion in AI contracts while generating barely $1.1 billion in annualized revenue. More than 4 gigawatts of artificial intelligence and high-performance computing capacity are under contract across publicly traded miners tracked by CoinShares, but only about 550 megawatts are currently billing. Still, investors are assigning a steep premium to […] The post Bitcoin miners have amassed $100 billion of AI deals, but almost none of the revenue exists yet appeared first on CryptoSlate.
Key Takeaways
- Bitcoin miners have signed more than $100 billion in AI contracts while generating barely $1.1 billion in annualized revenue.
- More than 4 gigawatts of artificial intelligence and high-performance computing capacity are under contract across publicly traded miners tracked by CoinShares, but only about 550 megawatts are currently billing.
- Still, investors are assigning a steep premium to […] The post Bitcoin miners have amassed $100 billion of AI deals, but almost none of the revenue exists yet appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in AI x Crypto
The Next Short? Economist Compares Hyperscaler AI Debt Stress to 2008 Housing Collapse
Apollo's Torsten Slok warns hyperscaler debt risk mirrors 2008 housing crisis signals as CDS spreads widen sharply. The post The Next Short? Economist Compares Hyperscaler AI Debt Stress to 2008 Housing Collapse appeared first on BeInCrypto.
US Opens Door to AI Risk Talks With China: Will Anything Change?
Bessent opens AI risk talks with China in New York, eight days before Trump hosts Xi in Washington. The post US Opens Door to AI Risk Talks With China: Will Anything Change? appeared first on BeInCrypto.
Meta May Have Found a Fix for Its 'Pervert Glasses'
Meta is reportedly developing a version of its smart glasses without a camera, potentially addressing one of the biggest privacy objections to AI wearables.