Comment on Major Bitcoin mining firm pivoting to AI, plans to fully abandon crypto mining by 2027 as miners convert to AI en masse — Bitfarm to leverage 341 megawatt capacity for AI following $46 million Q3 loss

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squaresinger@lemmy.world ⁨4⁩ ⁨days⁩ ago

Mining hardware is shortlived. These things get outdated real fast and need to be replaced frequently. So what they do is when a mining rig is up for replacement, they just swap it out for an AI rig.

The real asset for mining is the infrastructure: rack space, access to cheap electricity, data centers. All of that is very useful for AI as well.

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