Apparently, there's no more money in mining. It's perhaps not a huge surprise, therefore, to learn that some of the largest bitcoin operations in the US are pivoting away from mining to AI processing. However, some of the details in this megabucks transition are intriguing.
Wired has visited just such a facility in the throes of said repurposing and claims, "across the US, an identical pattern is playing out at bitcoin mining facilities owned by a variety of operators. In the last 18 months, at least eight other publicly traded bitcoin mining companies—Bitfarms, Core Scientific, Riot, IREN, TeraWulf, CleanSpark, Bit Digital, MARA Holdings, and Cipher Mining—have announced plans to pivot either partly or wholly to AI."
