According to VanEck, top Bitcoin miners have made $14 billion by leasing 20% of their computing power for AI purposes. These mining operations incurred losses of $335 million in the past year. Diversifying AI isn't something everyone is convinced about. Bitcoin miners can make serious money by tapping into artificial intelligence. That's according to VanEck … Read more
IMF proposes taxes to increase electricity costs for miners, data centers Higher energy costs drive the industry towards increased efficiency. Cross-border coordination is important for energy taxes, IMF says. Higher energy taxes to increase the cost of electricity used by crypto miners and artificial intelligence data centers will help curb carbon emissions in the future. … Read more
Ionic Digital CEO did not extend his initial contract. Bitcoin miner's auditor RMS withdraws. The company's efforts to go public have been delayed. Ionic Digital, which bought the bitcoin mining assets of collapsed crypto lender Celsius Earlier this yearsaid in a News release CEO Matt Prusak will leave the company and its auditor, RMS, has … Read more
Bitcoin miners are turning some of their computing power over to AI. Skeptics argue that this is a mistake because AI and Bitcoin mining are very different businesses. Bitcoin miners must commit to mining Bitcoin. According to Elliott Chun, a partner at crypto finance strategy firm Architect Partners, Bitcoin miners have argued against efforts to … Read more