Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein | 💠 Binance || Coinbase || Bybit 💠

Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein

Bitcoin miners are increasingly facing off against a new foe to contend with ahead of this week’s halving: the AI boom. Bitcoin miners are largely centralized operations that mint new digital coins. To do so, a Monday report explains, they need to use a lot of computers and therefore energy. Meanwhile, the booming AI industry is also power-hungry. Both industries look to places like Texas, which has cheap energy and lots of land to build data centers.

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