VanEck: Bitcoin miners could earn $13.9 billion annually from 20% AI and high-performance computing energy transfer

Odaily News "AI companies need energy, and Bitcoin miners have energy," VanEck said in a recent report. The company believes that Bitcoin miners face profitability risks from volatile operating costs and Bitcoin price fluctuations, and they may find it a good strategy to shift some of their energy production capacity to the growing fields of artificial intelligence and high-performance computing. VanEck said: "Bitcoin mining companies usually have bad balance sheets, either because of too much debt, too many shares issued, too high executive compensation, or all three." VanEck estimates that if listed Bitcoin miners shift 20% of their energy production capacity to artificial intelligence and high-performance computing by 2027, "the total additional profits will average more than $13.9 billion per year in 13 years." (cointelegraph)