Bitcoin Mining Faces A Shakeout As CORZ, KEEL, IREN, CIFR Get Ready To Exit, Says CoinShares
AI data centers make around $1.5 million a year in profit per megawatt compared to around $0.5 million for Bitcoin mining, increasing the incentive for miners to move power and infrastructure to AI.According to CoinShares’ second-quarter Bitcoin mining report, Core Scientific (CORZ) spent almost $4…
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