Miners Explore AI Revenue Streams Amid Declining Profitability

IconCrypto News Terminal22 Apr, 2024

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Miners Explore AI Revenue Streams Amid Declining Profitability

Miners are looking to integrate Artificial Intelligence (AI) to generate revenue streams as profitability declines post Bitcoin halving. Asset management firm CoinShares' recent report highlights the challenges miners face due to the halving, stating, "The halving will nearly double miners' costs." In response, mining companies such as Bit Digital, Hive, and Hut 8 are already generating revenue through AI. TeraWulf and Core Scientific are expected to follow suit. Previously on [date], CoinShares released a report suggesting that miners consider AI to offset post-halving profitability decline. Mining companies like Bit Digital, Hive, and Hut 8 have already adopted AI revenue streams.

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