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Bitcoin miners that are retooling data centers for AI have boosted their stocks; the CoinShares Bitcoin Mining ETF is up ~90% YTD even as bitcoin has slumped (Vicky Ge Huang/Wall Street Journal) from Techmeme RSS feed.
Bitcoin miners that are retooling data centers for AI have boosted their stocks; the CoinShares Bitcoin Mining ETF is up ~90% YTD even as bitcoin has slumped (Vicky Ge Huang/Wall Street Journal)
Vicky Ge Huang / Wall Street Journal:
Bitcoin miners that are retooling data centers for AI have boosted their stocks; the CoinShares Bitcoin Mining ETF is up ~90% YTD even as bitcoin has slumped — The pivot to AI has lifted a bitcoin-mining ETF by around 90% this year, even as bitcoin itself has slumped. — It's harder than ever to mine bitcoin.