Bitcoin (CRYPTO: BTC) miners are increasingly looking beyond crypto mining toward AI infrastructure, as access to massive amounts of power becomes potentially more valuable than the BTC mining machines plugged into it.
Are Mining Economics Less Attractive?
In a podcast on Aug. 12, prominent crypto investor and "Wolf of All Streets" host Scott Melker argued on what may have been miners’ most valuable resource all along.
His commentary comes after Riot Platforms (NASDAQ:RIOT) reportedly signed a $9.1 billion, 20-year data center agreement with Anthropic.
The agreement could rise to $16.1 billion if extension options are exercised.
