**Bitcoin Miners Can Earn $14 Billion from AI — Here’s How**
According to a forecast by U.S. investment management firm VanEck, Bitcoin mining companies could generate an additional $13.9 billion annually by leveraging 20% of their available energy for AI partnerships by 2027. The report suggests that publicly traded Bitcoin miners could benefit from the AI sector’s energy needs, providing a new revenue stream.
With 20% of their current energy use, Bitcoin miners could supply the substantial computational power required for AI sectors outside cryptocurrency. AI demands immense computational resources due to the need for complex algorithms and large data storage, which translates into significant energy consumption. Enhanced AI capabilities depend on the increased computational power that Bitcoin miners could offer.
Partnerships with AI companies offer a way to manage the volatility of cryptocurrency markets while providing more stable and potentially higher returns. Traditionally criticized for their unsustainable practices, Bitcoin miners can find greater stability and opportunities in other tech sectors, such as high-performance computing and AI.
Hive Digital Technologies has expanded its facilities to support high-performance computing services for AI and gaming, while Core Scientific signed a 12-year deal with AI Hyperscaler CoreWeave Cloud. Core Scientific saw a significant increase in its market value following this announcement, with expectations to generate over $3.5 billion in revenue.
By/radwa sherif ✏️✏️📚