Miners collectively transform into AI: Mining costs have inverted by nearly $20,000, selling Bitcoin to raise $7 billion for a shift in computing power.
Bitcoin mining is undergoing a structural transformation, with average mining costs for mining companies expected to reach $80,000 by the end of 2025, while the price of Bitcoin is only around $70,000. Mining companies are increasingly turning to artificial intelligence and high-performance computing, with total related contracts exceeding $70 billion. The funding for this transformation mainly comes from leveraged financing and the sale of Bitcoin reserves. Although there is a significant divergence in the valuations of mining companies, whether the price of Bitcoin can rebound to $100,000 will impact the future development of the mining industry.
BTC-3.71%
BlockBeatNews·8m ago

