Cryptocurrency industry after the last Bitcoin halving artificial intelligence It has faced increasing interest in its coins and a significant change in market dynamics. As the rise of AI-focused projects increases momentum in the sector, investors are speculating about the forces behind this rise.
Meanwhile, CoinShares‘s latest report offers important insights into the new trends shaping the cryptocurrency market and illuminates the evolving landscape.
CoinShares’ updated “Mining Report”, cryptocurrency It examines the changing dynamics of the mining industry and highlights the growing interest in artificial intelligence projects. With the changing focus of investors and miners, artificial intelligence coins It started to attract more attention in the crypto world.
In particular, the report highlights the increasing focus of companies exploring artificial intelligence (AI) opportunities that offer higher revenue potential in energy-secure regions, such as BitDigital, Hive and Hut 8.
According to CoinShares’ analysis, the hash rate will rise to 700 Exahash in the coming years. However, the drop in hash prices after the 2024 halving and the rise in electricity and production costs could pose challenges for miners.
Despite these challenges, miners are effectively managing their financial liabilities and exploring revenue diversification strategies, including artificial intelligence projects.
Artificial Intelligence and Bitcoin Mining
While AI requires a different and costly infrastructure for Bitcoin mining, its compatibility with energy-safe locations offers significant opportunities for revenue diversification.
Some mining companies are already investing in artificial intelligence projects, and the revenues they receive from these projects constitute a significant portion of their total revenues. At the same time, the fact that some companies in the sector are expanding their capacities shows that interest in artificial intelligence projects is increasing.
However, the adoption of AI technology requires specialized infrastructure and skilled workforce, which can create barriers to entry for smaller companies. However, companies like Core Scientific and BitDigital are focusing on AI projects for higher margins and revenue diversification potential.
NEAR Protocol is currently trading at a price of $6.80, while its one-day trading volume has increased to $454.64 million. At the same time, GRT price increased to $0.2958, while Render price increased to $9.14.
