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Bitcoin miners need $50B for AI pivot, IREN faces $21B funding gap
Public Bitcoin miners are ramping up their pivot toward artificial intelligence infrastructure, but the transition comes with a hefty price tag. A new analysis featured in Blocksbridge Consulting's Miner Weekly newsletter suggests that turning the AI narrative into reality could require approximately $50 billion in near-term capital. Using data from VanEck, the report estimates that miners need long-term financing to convert existing power assets into AI-ready data centers. These facilities demand...