According to online reports, according to a CoinShares article, the average mining cash cost of a single bitcoin for listed mining companies in the fourth quarter of 2024 rose to US$82,162, a month-on-month increase of 47%. The report shows that network computing power increased significantly in the fourth quarter, reaching a record high of 900 EH/s, and is expected to exceed 1 ZH/s in July 2025. Faced with intensified competition, a number of mining companies are strategically transforming into data center infrastructure and high-performance computing hosting businesses. Among them, Core Scientific has allocated 43% of its production capacity to the artificial intelligence business, while Cipher Mining plans to allocate 35% of its future production capacity to the artificial intelligence field.