Have you ever imagined this scene: Only six months after the Bitcoin halving, those mining companies that once focused on mining are now opening their arms to the world of AI, and their stock prices are skyrocketing!
As Bitcoin mining rewards become less and less, many mining companies have chosen to transform. For example, Core Scientific signed a multi-billion dollar contract with AI startup CoreWeave, and its stock price soared by nearly 300% in half a year! TeraWulf also began to develop AI data centers, and its stock price doubled. Even mining companies that embrace AI, such as Iris Energy and Bit Digital, have performed far better than those companies that are still holding on to Bitcoin.
Why are mining companies embracing AI? Because compared to the volatile cryptocurrency market, the benefits of AI training are more stable and secure. Major Bitcoin miners have begun to replace some mining equipment with equipment for AI training. After all, since the birth of Bitcoin in 2009, mining rewards have been halved four times, and the competitive pressure has only increased, so transformation is an inevitable choice.
Of course, some mining companies choose to continue to stick to Bitcoin, such as MARA Holdings, Riot Platforms and CleanSpark. They are all firm "hodlers" who hope that the Bitcoin in their hands will appreciate significantly in the future. But the reality is that the stock prices of these companies have performed relatively poorly. MARA and Riot's stock prices have fallen by 17% and 36% respectively this year.
Regardless of whether mining companies transform or not, major banks such as Macquarie Capital and JPMorgan Chase believe that these companies actually have great potential. For example, mining companies that are no longer limited to traditional mining businesses can fully utilize their own electricity and computing resources to transform into AI computing hosting centers, thereby opening up new sources of income.
So, as an investor in the web3 field, have you ever thought about letting AI become your right-hand man in this new world? AI can not only help mining companies open up new horizons, but also help you overcome obstacles in your web3 investment journey!
Mlion is a good example, and this newsletter is the result of its AI analysis. Mlion (mlion.ai) can not only do in-depth news analysis, but also provide many practical functions such as currency price prediction, on-chain address dynamics, etc.
for example:
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📜 AI Currency Research Report: Customized AI-based currency research reports can easily generate in-depth analysis of the currencies you are interested in, helping you make wise decisions.
🔗 AI on-chain address analysis: With the help of AI technology, we can gain in-depth insights into blockchain transactions and address behaviors, quickly identify potential risks and abnormal activities, and fully grasp the dynamics on the chain.
🛠️ Breaking news in-depth analysis: Integrate real-time news and AI language models to provide in-depth news summaries and unique insights to help you quickly understand market trends.
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Come visit mlion.ai and see how AI can help you ride the waves in the world of web3!
The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
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