this post was submitted on 16 Nov 2025
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Major Bitcoin mining firm pivoting to AI, plans to fully abandon crypto mining by 2027 as miners convert to AI en masse — Bitfarm to leverage 341 megawatt capacity for AI following $46 million Q3 loss (www.tomshardware.com)
submitted 2 days ago by Alphane_Moon@lemmy.world to c/technology@lemmy.world
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[–] jj4211@lemmy.world 6 points 2 days ago (1 children)

One this is all speak to convince investors to throw money, so they'll cheer pick their interpretation.

In this case I think they refer to already having the real estate, buildings, power and cooling. So "all" they have to do is rip out their rigs and dump a bunch of nVidia gear in. All they need is just a few hundred million from some lucky investors and they will be off..

[–] Zos_Kia@lemmynsfw.com 2 points 2 days ago

I think you misunderstand that scene. Bitcoin miners are crazy rich and most of them are investors in their own right. They don't need outside money.