AI or bust? Crypto mining sector looks for options as Bitcoin mining revenues drop

Quick Summary:

Bitcoin miners are eyeing AI data centers amid declining revenues — Will this costly shift pay off?

However, Phil Harvey, CEO of Sabre56, a blockchain data center consulting firm, believes that such a transition is fraught with challenges and may not be as feasible as it appears.

In fact, a recent analysis by AMBCrypto revealed a significant drop in miner revenue, with the same falling to $820 million in August.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United States

Topics: Bitcoin Trading View Social News News 1 Ambcrypto BTC Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 07:00:42 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 643 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22388228

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 16 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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