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Miners’ AI pivot proving no refuge from downward spiral

CoinGeek LogoCoinGeek6d ago

Miners’ AI pivot proving no refuge from downward spiral - CoinGeek

Quick Summary:

The future remains bleak for miners, even those who pivoted to AI data centers for survival, as BTC struggles to reclaim its fiat price heights.

The post Miners’ AI pivot proving no refuge from downward spiral appeared first on CoinGeek.

Net income enjoyed an even greater gain, rising 414% from 2023 to $54 million last year, although it’s worth noting that the company padded that stat via the sale of $31.3 million worth of its BTC tokens last year.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 12:00:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1622 words

Reading Time: 10 minutes read

Sentences: 60 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 27479289

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About CoinGeek

CoinGeek Logo

Main Topics: Crypto

Official Website: coingeek.com

Update Frequency: 7 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 12 hours ago

Coverage Areas: Canada

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: #82

Publisher Details

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The story "Miners’ AI pivot proving no refuge from downward spiral" has 1622 words across 60 sentences, which will take approximately 7 - 14 minutes for the average person to read.

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The story "Miners’ AI pivot proving no refuge from downward spiral" was covered 6 days ago by CoinGeek, a news publisher based in Canada.

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CoinGeek is a fully independent (privately-owned) news outlet established in 2012 that covers mostly crypto news.

The outlet is headquartered in Canada and publishes an average of 7 news stories per day.

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

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  • URL: https://chronographically.beamstart.com/news/miners-ai-pivot-proving-no-17434295595487

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