The resurgence has been driven by two main factors, the report said. First, strong bitcoin price action due to improving sentiment resulting from Blackrock, Fidelity and other institutional exchange-traded-fund (ETF) filings. Second, some bitcoin miners are tapping into opportunities in high-performance computing and artificial intelligence (AI) as a “revenue diversification strategy,” the note said.
Source: https://www.coindesk.com/business/2023/07/07/bitcoin-mining-is-a-game-of-survival-consolidation-and-potential-ai-diversification-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines