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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[–] squaresinger@lemmy.world 10 points 1 day ago

Mining hardware is shortlived. These things get outdated real fast and need to be replaced frequently. So what they do is when a mining rig is up for replacement, they just swap it out for an AI rig.

The real asset for mining is the infrastructure: rack space, access to cheap electricity, data centers. All of that is very useful for AI as well.