Top Secret Insider! BitDigital's Transition to AI Computing Power: A Path to Self-Destruction or a Wealth Explosion?

#BitDigital转型 The winds of change in the crypto world are fierce; those who adapt thrive, while those who resist perish! While others are still caught in the old track of Bitcoin mining, struggling and bleeding, BitDigital has made a stunning turnaround, diving headfirst into the new blue ocean of AI computing power. This move has introduced a new twist to the power dynamics of the crypto market!

Why is BitDigital's transition considered a comeback after 'survival in dire straits'? Previously, like many mining companies, it relied on Bitcoin mining for sustenance. But as Bitcoin prices rollercoaster, global regulations tighten, and the crackdown on mining operations in China leaves many companies in dire straits. By 2023, many peers are on the brink of collapse. Although BitDigital has $100 million on its books, continuing with mining could lead to ruin due to electricity costs, making the transition urgent.

After transitioning to AI computing power leasing, things have been smooth sailing. It stocked up on 2,576 Nvidia H100/A100 graphics cards and leases them to AI companies for three-year terms, akin to long-term rental properties, ensuring steady income. In the first quarter of 2024, AI computing power leasing raked in $8.3 million, a staggering 456% increase year-on-year, while mining revenue was only $4.6 million. The stock price skyrocketed by 200% in three months, and the market has cast its vote of confidence with money.

The impact on the crypto market is also polarized. On the opportunity side, mining companies like MARA and RIOT are following suit, and mining stocks are expected to rebound; BitDigital's involvement in Bitcoin Layer 2 could lead to a surge in related tokens; and in the future, there might be 'GPU Computing Power Stablecoins', introducing new play styles. However, risks are also significant; the price of S19 mining machines has been halved due to GPU shortages; AI companies and mining firms are competing for graphics cards, benefiting Nvidia, while retail investors in NVDA should tread carefully; and the SEC is rigorously scrutinizing financial reports, with potential for data fraud to be shorted.

In the next bull market, will you hold onto old mining machines until they are phased out, or will you follow BitDigital in a mad dash on the new track? Follow Qiongqi; tonight, the fan group will reveal the wealth secrets of Bitcoin Layer 2, giving you a head start in the crypto market!