70% of leading Bitcoin mining companies report that their AI or high-performance computing projects have generated revenue

According to market news, among the top ten cryptocurrency mining companies ranked by computing power, seven have reported that their artificial intelligence or high-performance computing projects have generated revenue, while the remaining three plan to follow suit.

The mining companies that have generated revenue include: Marathon Digital Holdings, CleanSpark, Iris Energy (IREN), Bitdeer Technologies, Cipher Mining, Core Scientific, and TeraWulf. The companies planning to follow include: Riot Platforms, Bitfarms, and Phoenix Group. This shift combines the abundant land resources and interconnected facilities of mining companies with contract revenue from graphics processing unit (GPU) customers, opening up a second business line that competes with dedicated integrated circuits (ASIC) running at full power.