AI wants Bitcoin miners’ power, but the contracts reveal who really gets paid
Bitcoin miners spent years securing cheap electricity, building substations, and negotiating the grid connections needed to power their operations. Now AI companies want those connections so badly they're willing to make aging mines valuable real estate. The ASICs that mine Bitcoin are practically useless for training AI models, but the land, substations, and power agreements…
Story summary
Bitcoin miners spent years securing cheap electricity, building substations, and negotiating the grid connections needed to power their operations. Now AI companies want those connections so badly they're willing to make aging mines valuable real estate. The ASICs that mine Bitcoin are practically useless for training AI models, but the land, substations, and power agreements…
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