• Bitcoin miners are exploring AI arbitrage to boost revenue.
• Core Scientific recently secured a 12-year contract with AI hyperscaler CoreWeave.
• Publicly traded Bitcoin miners are becoming increasingly important in AI/HPC and energy markets.

Research analysts from VanEck have spotted a new development among Bitcoin miners exploring AI arbitrage to boost revenue. In a recent publication, the analysts noted that Bitcoin miners are uniquely equipped to support AI/HPC. 

The research analysts cited a typical example with Core Scientific (CORZ), the 4th largest Bitcoin miner by hash rate. According to their report, the Bitcoin miner recently secured a 12-year contract with AI hyperscaler CoreWeave, projected to generate over $3.5 billion in revenue for providing 200 MW of infrastructure.

Subsequently, three weeks after securing the contract, CoreWeave added $1.225 billion for an additional 70 MW over 12 years. Furthermore, the AI hyperscaler opted to deliver 112 more MW of HPC to host NVIDIA GPUs this August. According to the analysts’ report, it would take the Bitcoin miner the acquisition of an extra 118 MW to become one of the largest data cent…

The post Bitcoin Miners Explore New Dimension: Boost Revenue Via AI Arbitrage appeared first on Coin Edition.

• Bitcoin miners are exploring AI arbitrage to boost revenue.
• Core Scientific recently secured a 12-year contract with AI hyperscaler CoreWeave.
• Publicly traded Bitcoin miners are becoming increasingly important in AI/HPC and energy markets.

Research analysts from VanEck have spotted a new development among Bitcoin miners exploring AI arbitrage to boost revenue. In a recent publication, the analysts noted that Bitcoin miners are uniquely equipped to support AI/HPC. 

The research analysts cited a typical example with Core Scientific (CORZ), the 4th largest Bitcoin miner by hash rate. According to their report, the Bitcoin miner recently secured a 12-year contract with AI hyperscaler CoreWeave, projected to generate over $3.5 billion in revenue for providing 200 MW of infrastructure.

Subsequently, three weeks after securing the contract, CoreWeave added $1.225 billion for an additional 70 MW over 12 years. Furthermore, the AI hyperscaler opted to deliver 112 more MW of HPC to host NVIDIA GPUs this August. According to the analysts’ report, it would take the Bitcoin miner the acquisition of an extra 118 MW to become one of the largest data cent…

The post Bitcoin Miners Explore New Dimension: Boost Revenue Via AI Arbitrage appeared first on Coin Edition.