⚡ Miners are abandoning Bitcoin en masse in favor of AI
• Miners are shifting capacity from BTC mining to AI computing. The network hashrate has fallen to a four-month low.
• Major companies are paying huge sums for AI energy: Alphabet (Google) paid $4.75 billion for an energy company, Meta signed agreements for 6.6 GW of nuclear power.
• OpenAI (ChatGPT) signed contracts for 40% of global DRAM memory production. Memory prices have risen by 50-60%.
• Mining infrastructure is transforming into general-purpose computing centers. Decisions on capacity allocation now depend on AI computing demand, not the economics of cryptocurrencies.
Judging by the moves of Alphabet, Meta, and OpenAI, demand will only grow.
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