比特幣 (BTC) 礦商多元化進入人工智慧和高效能運算領域，以抵消市場波動

2024 年是比特幣挖礦業破紀錄的一年，但競爭加劇和產業波動迫使多家公司採取新策略。

Bitcoin miners shifted their strategies in 2024 amid increased competition and sector volatility. Many opted to retain a larger portion of their mined BTC or refrain from selling altogether.

由於競爭加劇和產業波動，比特幣礦商在 2024 年改變了策略。許多人選擇保留大部分開採的比特幣，或完全不出售。

Miners may choose to hold onto their Bitcoin for several reasons. They could be anticipating further price appreciation for BTC or aiming to strengthen their balance sheets.

出於多種原因，礦工可能會選擇持有比特幣。他們可能會預期比特幣價格將進一步升值，或旨在加強其資產負債表。

If they're following MicroStrategy’s playbook, a BTC treasury could also be used to hedge against currency devaluation.

如果他們遵循 MicroStrategy 的策略，比特幣金庫也可以用來對沖貨幣貶值。

As highlighted in a recent report, several miners, including MARA Holdings, Riot Platforms and Hut 8, notably purchased additional Bitcoin using borrowed funds to amplify their treasury strategies.

正如最近的一份報告所強調的那樣，包括 MARA Holdings、Riot Platforms 和 Hut 8 在內的幾家礦商特別利用借來的資金購買了額外的比特幣，以擴大其財務策略。

In addition to acquiring BTC, miners such as CleanSpark have opted to retain the majority of the Bitcoin mined in recent months.

除了收購 BTC 之外，CleanSpark 等礦商還選擇保留近幾個月來開採的大部分比特幣。

Bitcoin miners are among the largest BTC holders, with four of the 16 largest being mining companies, according to the report.

報告稱，比特幣礦商是最大的 BTC 持有者之一，其中 16 家最大的 BTC 持有者中有 4 家是礦業公司。

This aligns with the growing institutional interest in Bitcoin, with several exchange-traded funds (ETFs) also accumulating BTC throughout 2024.

這與機構對比特幣日益增長的興趣相一致，一些交易所交易基金 (ETF) 也在 2024 年累積了 BTC。

In fact, Bitcoin ETFs scooped up almost three times more BTC than was mined in December.

事實上，比特幣 ETF 挖出的 BTC 幾乎是 12 月開採量的三倍。

Shifting business strategyIn addition to their core mining business, some miners shifted into high-performance computing (HPC) and AI sectors in 2024 to generate predictable revenue and buffer against mining volatility, according to the report.

報告稱，除了核心挖礦業務外，一些礦商還於 2024 年轉向高效能運算 (HPC) 和人工智慧領域，以產生可預測的收入並緩衝挖礦波動。

This trend was particularly evident in the United States, where "harsh mining economics and lucrative AI/HPC business tempted them to diversify into other compute."

這種趨勢在美國尤其明顯，「嚴峻的採礦經濟和利潤豐厚的人工智慧/高效能運算業務吸引他們向其他運算領域多元化發展」。

Bitcoin miner Hive Digital told Cointelegraph in September that it was repurposing its Nvidia GPU for AI applications.

比特幣礦商 Hive Digital 在 9 月告訴 Cointelegraph，它正在將 Nvidia GPU 重新用於人工智慧應用程式。

According to Aydin Kilic, Hive’s president and CEO, using Nvidia GPUs for AI tasks generates over $2 per hour in revenue compared to just $0.12 per hour for crypto mining.

Hive 總裁兼執行長 Aydin Kilic 表示，使用 Nvidia GPU 執行 AI 任務每小時可產生超過 2 美元的收入，而加密貨幣挖礦每小時的收入僅為 0.12 美元。

The company’s HPC and AI platform generated more than $2 million in revenue in Q2 alone.

該公司的 HPC 和 AI 平台僅在第二季就創造了超過 200 萬美元的收入。

The NiceHash and Digital Mining Solutions report also highlighted that several BTC miners with a market cap of at least $100 million generated substantial revenue from AI and HPC initiatives.

NiceHash 和數位採礦解決方案報告也強調，幾家市值至少為 1 億美元的 BTC 礦商透過人工智慧和 HPC 計畫創造了可觀的收入。

For instance, HPC/AI revenue comprised nearly 8% of Hut 8’s revenues in the first three quarters of 2024. This figure was nearly 7% for Hive Digital.

例如，2024 年前三季度，HPC/AI 營收佔 Hut 8 營收的近 8%。