The AI sector is also more profitable, with NVIDIA clocking a $3 trillion market capitalization this year and OpenAI securing a $157 billion valuation after raising $6.6 billion in funding.
Moreover, the regulatory uncertainty surrounding Bitcoin has also led miners to seek the security provided by the AI regulation, with the AI ecosystem expected to be the next goldmine in the coming years.
Due to the 50% reduction in rewards following each halving cycle, more miners are pivoting to the AI business, which is considered the future of technology.
Bitcoin miners are exploring the AI data center space as the profitability of the cryptocurrency mining industry dwindles.
