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Struggling bitcoin miners seek deals with AI companies

Nikou Asgari and Tim Bradshaw

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London | Bitcoin miners are rushing to sign deals with artificial intelligence developers in a bid to revive their flagging revenues by finding new customers for their vast data centres.

Crypto miners run powerful computing sites, often covering acres of land, where they solve complex mathematical puzzles to authenticate transactions and produce digital coins. But with high energy and computing costs, and with the rewards for mining having recently halved, many are struggling to turn a profit.

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    Original URL: https://www.afr.com/markets/currencies/struggling-bitcoin-miners-seek-deals-with-ai-companies-20240718-p5juv5