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JPMorgan Chase: Bitcoin mining companies' chances of getting service contracts with AI data centers are shrinking

2024-10-17 15:31
Odaily News JPMorgan analysts said that Bitcoin miners face a window of opportunity to sign data center and high-performance computing (HPC) service contracts with hyperscale computing and AI startups in the next nine months. Due to delays in data center approvals and grid connections, Bitcoin miners can use their existing infrastructure to meet AI computing needs. The report pointed out that the capacity of the US power grid is limited, and the demand for AI and HPC will continue to grow until 2026. (TheBlock)