VanEck notes in a report that if bitcoin miners partially transition to powering the artificial intelligence and high-performance computing (HPC) sectors by 2027, there is an opportunity to generate about $13.90 billion in additional revenue per year.
The report claims that bitcoin miners typically have poor balance sheets, either because of too much debt, too much equity issuance, too much executive compensation, or all three.
VanEck estimates that if public bitcoin mining companies shift 20% of their energy capacity to AI and HPC by 2027, the total additional profits could average more than $13.90 billion per year for 13 years.
VanEck: Bitcoin miners shift 20% to AI and HPC could bring in $13.90 billion per year
2024-08-18 13:03:03
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