Mmastodon BusinessCrypto first seen 3 d ago, last 3 d ago, peak #6

Bitcoin miners chase AI deals worth over $100 billion

Original: Bitcoin miners chase AI deals, but converted data centers are costly and slow to earn Bitcoin miners have signed over $1

Bitcoin miners have signed more than $100 billion in AI hosting contracts, but converting their mining sites into data centers for artificial intelligence workloads is proving costly and slow. Core Scientific's filings show how the revenue is split, and only a fraction of the contracted capacity is currently generating billings as build-outs lag behind the headline deals.

Why now: Investors are weighing whether the AI pivot by miners will actually pay off given the high costs and delays.

Bitcoin minersCore ScientificAI data centers

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Evidence

• Bitcoin miners chase AI deals, but converted data centers are costly and slow to earn Bitcoin miners have signed over $100 billion in AI contracts, yet only a fraction of capacity is billing. Core Scientific's filings show how the money gets split. https://… · newisty

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