World & BusinessBitcoin miners’ AI pivot: power leases versus server farms
In a commentary, Reuters Breakingviews says richer valuations for electricity landlords suggest megawatts will hold value better than chips.
TLDR
Reuters Breakingviews describes two AI strategies in a commentary: Cipher Digital, TeraWulf and Hut 8 are leasing electricity once used to generate digital coins to chatbot operators, while rival IREN built a one-stop server-farm operation. It says investors value the landlords more richly, suggesting megawatts will hold value better than chips.
Bitcoin miners’ AI pivot: power leases versus server farms
In a commentary, Reuters Breakingviews says richer valuations for electricity landlords suggest megawatts will hold value better than chips.
TLDR
Reuters Breakingviews describes two AI strategies in a commentary: Cipher Digital, TeraWulf and Hut 8 are leasing electricity once used to generate digital coins to chatbot operators, while rival IREN built a one-stop server-farm operation. It says investors value the landlords more richly, suggesting megawatts will hold value better than chips.