As the decline in Bitcoin prices leads to a decrease in digital asset returns, Bitcoin miners are shifting towards artificial intelligence and high-performance computing (HPC) infrastructure to boost revenue. Companies like TeraWulf and Marathon Digital are converting existing mining farms into data centers. VanEck predicts that by 2028, a 20% capacity transfer could double market capitalization. The bond market also shows significant investment, with $33 billion in bonds issued over the past year, but if AI demand slows down, high debt levels could pose a risk.
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As the decline in Bitcoin prices leads to a decrease in digital asset returns, Bitcoin miners are shifting towards artificial intelligence and high-performance computing (HPC) infrastructure to boost revenue. Companies like TeraWulf and Marathon Digital are converting existing mining farms into data centers. VanEck predicts that by 2028, a 20% capacity transfer could double market capitalization. The bond market also shows significant investment, with $33 billion in bonds issued over the past year, but if AI demand slows down, high debt levels could pose a risk.