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

PANews, November 10 — According to Cryptoslate, among the top ten crypto mining companies by hash rate, seven have reported that their artificial intelligence or high-performance computing projects have already generated revenue, while the remaining three plan to follow suit. The mining companies that have already generated revenue include: Marathon Digital Holdings, CleanSpark, Iris Energy (IREN), Bitdeer Technologies, Cipher Mining, Core Scientific, and TeraWulf. The companies planning to follow are: Riot Platforms, Bitfarms, and Phoenix Group. This shift combines the mining companies' abundant land resources and interconnected facilities with contract revenue from graphics processing unit (GPU) clients, opening up a second line of business that competes with the full-power operation of application-specific integrated circuits (ASICs).