Bloomberg: Crypto miners seizing the AI craze are gradually abandoning Bitcoin
On October 18, Bloomberg reported that stocks of large computing companies that support Bitcoin's operation once again outperformed Bitcoin itself, as more and more companies are turning to a hybrid model with artificial intelligence and high-performance computing as the core. These companies were early called "mining companies" because of the analogy between the Bitcoin creation process and the mining of traditional precious metals such as gold, but they have long been influenced by fluctuations in the Bitcoin price. Two years ago, the industry benefited in the early stages of the AI boom, but its share price fell again the following year as mining profits fell and competition intensified.
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