⚡ Coin prices moved sideways, and miners switched lines of work. They sell coins, sell computing power—then turn around to feed AI.
Riot Platforms, the Bitcoin miner listed on Nasdaq, on August 11 leased its 191-megawatt Rockdale facility in Texas to Anthropic for 20 years, with each contract signed costing $2 billion in total—an overall value of $9.1 billion. RIOT’s stock jumped 19% that day. The Q2 earnings report was released the same day, but the market only had eyes for this long-term deal.
A few days later, another one followed. Hyperscale Data sold 685 Bitcoin, raising $43 million in cash—leaving it with just 275 Bitcoin. Where did the money go? It paid off $30 million in debt, and the remainder was invested in AI data centers in Michigan.
Both things point in the same direction: computing power is valuable. Miners used to live off the coin price; with coin prices plateauing, mining profits get eaten by electricity costs, making machines less worthwhile than selling them. Now they find a new way to make a living using the same batch of server rooms and the same power supply system—selling that compute capacity to AI companies to train large models.
Earlier still, there was pre-miner Firmus, whose valuation surged to $10.5 billion thanks to AI infrastructure. Computing power now has two paths: mining, or feeding it to AI.
BTC $62,959, basically unchanged over the last 24 hours. ETH $1,878. Prices are still flat, but miners no longer rely on coin prices to make money.
$BTC $ETH
#中本聪国际社区Baoluo币商资本 #加密货币 #miners AI transformation
Riot Platforms, the Bitcoin miner listed on Nasdaq, on August 11 leased its 191-megawatt Rockdale facility in Texas to Anthropic for 20 years, with each contract signed costing $2 billion in total—an overall value of $9.1 billion. RIOT’s stock jumped 19% that day. The Q2 earnings report was released the same day, but the market only had eyes for this long-term deal.
A few days later, another one followed. Hyperscale Data sold 685 Bitcoin, raising $43 million in cash—leaving it with just 275 Bitcoin. Where did the money go? It paid off $30 million in debt, and the remainder was invested in AI data centers in Michigan.
Both things point in the same direction: computing power is valuable. Miners used to live off the coin price; with coin prices plateauing, mining profits get eaten by electricity costs, making machines less worthwhile than selling them. Now they find a new way to make a living using the same batch of server rooms and the same power supply system—selling that compute capacity to AI companies to train large models.
Earlier still, there was pre-miner Firmus, whose valuation surged to $10.5 billion thanks to AI infrastructure. Computing power now has two paths: mining, or feeding it to AI.
BTC $62,959, basically unchanged over the last 24 hours. ETH $1,878. Prices are still flat, but miners no longer rely on coin prices to make money.
$BTC $ETH
#中本聪国际社区Baoluo币商资本 #加密货币 #miners AI transformation