Over the past two weeks, bitcoin miners have received an influx of investor interest in response to the announcement that Core Scientific will host GPUs for artificial intelligence cloud provider CoreWeave, a JP Morgan report published Monday said.
The increase in bitcoin miners' aggregate market cap is due to their facilities being increasingly recognized for their potential dual use as AI GPU hosting centers, according to the JP Morgan analysts. They added that June's Core Scientific announcement "validates and will accelerate miners diversifying into High Performance Computing programs.
In contrast, the report said, it can take more than five years to construct a data center from scratch today. "Accelerating access to power by 3-4 years could be worth between $105 million to $140 million per MW for a hyperscaler," the analysts added.
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Source: CoinDesk - 🏆 291. / 63 Read more »