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Bitcoin miners eye $13.9B profit – Here’s how AI can make it happen

AMBCrypto LogoAMBCrypto11h ago

Bitcoin miners eye $13.9B profit – Here’s how AI can make it happen - AMBCrypto

Quick Summary:

Facing a steep revenue decline, Bitcoin miners may find a new revenue stream in AI, with the potential to boost earnings by $13.9 billion by 2027.

Currently, Bitcoin is facing significant challenges in reclaiming its psychological level of $60,000, which it has struggled to breach in recent weeks.

However, a recent report from VanEck suggests that miners could offset these losses by partially transitioning into the Artificial Intelligence (AI) industry.

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Bitcoin miners eye $13.9B profit – Here’s how AI can make it happen - AMBCrypto (Picture 1)Bitcoin miners eye $13.9B profit – Here’s how AI can make it happen - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 05:00:25 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 22166207

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 15 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 12 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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The story "Bitcoin miners eye $13.9B profit – Here’s how AI can make it happen" has 585 words across 31 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Bitcoin miners eye $13.9B profit – Here’s how AI can make it happen" was covered 11 hours ago by AMBCrypto, a news publisher based in United States.

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AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 15 news stories per day.

It's most recent story was published 12 hours ago.

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  • News ID: #22166207
  • URL: https://beamstart.com/news/bitcoin-miners-eye-139b-profit-17241304717242

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