Bitcoin miners are choosing between two strategies after the halving event in April. Some, like MARA Holdings and Riot Platforms, are holding onto their mined BTC in anticipation of its value increasing over time. Others are investing in artificial intelligence (AI), such as Core Scientific which saw its stock nearly quadruple after announcing multi-billion-dollar contracts with AI startup CoreWeave. However, stocks of those betting on holding BTC have dropped by 20% and 36% respectively this year while shares of those investing in AI have fared better. The strategy of holding BTC seems feasible for profitable operations like MARA and Clean Spark but could be disastrous if Bitcoin prices plummet.
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