⛏️Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC — VanEck.

Bitcoin miners have the opportunity to potentially generate around $13.9 billion in additional yearly revenue if they partially transition to providing energy to the artificial intelligence and high-performance computing (HPC) sector by 2027, according to investment firm VanEck.

🤖“AI companies need energy, and Bitcoin miners have it,” VanEck stated in an Aug. 16 report. 

“Bitcoin miners generally have bad balance sheets, either because of too much debt, too much share issuance, too much executive compensation, or some combination of all three,” VanEck claimed.

VanEck estimates that if publicly traded Bitcoin mining companies shifted 20% of their energy capacity to AI and HPC by 2027, “total additional yearly profits could exceed an average of $13.9 billion per year over 13 years."