Miners’ pivot to AI sends stocks soaring
Bitcoin miners are using their computing power to service a thirsty AI boom, and investors are taking notice.
Companies once focused solely on mining digital tokens are signing long-term contracts using their land, energy, and data centers for AI workloads.
Miners like IREN (IREN), Riot (RIOT), TeraWulf (WULF), and Cipher Miner (CIFR) are just a handful of players shifting their resources toward high-performance computing (HPC) infrastructure and artificial intelligence.
Industry insiders point to the promise of better returns from AI than crypto mining.
“Bitcoin mining just doesn’t cut it anymore,” Daniel Keller, CEO and co-founder of cloud infrastructure firm InFlux Technologies, told Yahoo Finance.
A crowded mining…
