**Bitcoin mining company CEO warns: AI development may repeat the mistakes of the Internet bubble, but opportunities still exist! **

BlockBeats news, on October 17, Fred Thiel, CEO of Bitcoin mining company MARA (formerly Marathon Digital), recently made an interesting insight. He warned that the current AI development environment is somewhat similar to the Internet bubble in the 2000s, and many companies may overbuild infrastructure in the absence of sufficient demand. Does it sound a bit worrying? 😅

But don't worry, Thiel also pointed out the opportunities. He believes that successful Bitcoin miners will integrate AI components in the long run and use low-cost energy to serve AI data centers. This means that although there may be bubbles in the market, those companies that can respond flexibly and seize opportunities are still expected to succeed in the future.

MARA is also taking active actions, planning to expand its Bitcoin mining capacity and obtain customized chip technology through cooperation with Auradine. In the next four years, they hope that 50% of their revenue will come from non-Bitcoin mining business. This strategy not only shows their confidence in the future, but also shows that they are working hard to diversify their sources of income to cope with market uncertainties.

For friends in the blockchain industry, this is undoubtedly a dynamic worth paying attention to. How will the combination of AI and blockchain change the future market landscape? Will MARA's strategy become a benchmark for the industry? These questions are worth our in-depth discussion.

What do you think of Thiel's point of view? Do you think that the development of AI will really repeat the mistakes of the Internet bubble? Welcome to share your views in the comment area and discuss this industry full of opportunities and challenges together!