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📢 文末扫码进裙，免费领取双语精读版 Why So Many Bitcoin Mining Companies Are Pivoting to AI TIME Tech 4 July, 2024 | 807 words | ★★ ★ ★ ☆ As AI companies work furiously to improve the intelligence and usefulness of their products, their demand for cheap, plentiful energy has skyrocketed. This gold rush has been extremely profitable for an unlikely beneficiary: Bitcoin miners. In recent months, major Bitcoin mining companies have started to swap out some of their mining equipment in favor of rigs used to run and train AI systems. These companies believe that AI training could provide a safer and more consistent source of revenue than the volatile crypto industry. And so far, these pivots have been warmly received by investors, leading to the market cap of 14 major bitcoin mining companies jumping in value by 22%, or $4 billion, since the beginning of June, J.P. Morgan reported on June 24. The AI boom has led to an enormous demand for energy Generative AI
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