Bitcoin miners are facing fierce competition from AI data centers for access to cheap energy, and AI facilities backed by significant capital are beginning to outbid Bitcoin miners.
Despite the competition, Bitcoin miners have the flexibility to operate in off-grid locations, giving them an advantage over AI firms that depend on high-speed internet.
Experts predict that this battle for energy will bring renewed institutional investment to Bitcoin mining, as investors seek cheaper, newly minted Bitcoin rather than purchasing at higher market prices.
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