Artificial Intelligence, Mining News: GPU Gold Rush: Why Bitcoin Miners Promote the Expansion of Artificial Intelligence

Bitcoin miners such as Core Scientific, Hut 8 and TeraWulf are moving from energy-intensive cryptocurrency mining to high-performance AI data centers, driven by explosive growth in artificial intelligence and shrinking cryptocurrency profit margins. These companies leverage existing low-cost energy infrastructure and cooling technologies to revamp facilities to accommodate GPU clusters, with revenue per kilowatt-hour of 25 times higher than Bitcoin mining. While AI requires higher upfront costs, it can provide stable contracts and long-term growth, and the global AI mining market size is expected to reach US$435.94 billion by 2032.