比特幣礦工著眼於人工智慧和高效能運算以增加收入

這項轉變發生之際，礦商尋求業務多元化，並利用人工智慧領域對運算能力不斷增長的需求。

Publicly traded Bitcoin (BTC) mining companies are exploring new avenues for revenue generation, with a focus on high-performance computing (HPC) and artificial intelligence (AI), recent analysis from investment management firm VanEck shows.

投資管理公司 VanEck 最近的分析顯示，公開交易的比特幣 (BTC) 礦業公司正在探索新的創收途徑，重點關注高效能運算 (HPC) 和人工智慧 (AI)。

Bitcoin Miners Eye AI and High-Performance Computing for Revenue Boost

比特幣礦工著眼於人工智慧和高效能運算以增加收入

The shift comes as miners seek to diversify their operations and capitalize on the growing demand for computational power in the AI sector. VanEck’s head of digital assets research, Matthew Sigel, estimates that this strategic pivot could unlock $38 billion in value for mining companies by 2027.

這項轉變發生之際，礦商尋求業務多元化，並利用人工智慧領域對運算能力不斷增長的需求。 VanEck 數位資產研究主管 Matthew Sigel 估計，到 2027 年，這項策略重點可為礦業公司釋放 380 億美元的價值。

“AI companies need energy, and bitcoin miners have it,” Sigel said. “As the market values the growing AI/HPC data center market, access to power—especially in the near term—is commanding a premium.”

「人工智慧公司需要能源，而比特幣礦工擁有能源，」西格爾說。 “隨著市場重視不斷增長的 AI/HPC 數據中心市場，獲得電力（尤其是在短期內）的價格非常昂貴。”

The synergy between Bitcoin mining and AI computing stems from the miners’ access to abundant energy resources and existing data center infrastructure. As AI development intensifies, the demand for energy-intensive computing facilities has surged, creating a natural fit for mining operations looking to diversify.

比特幣挖礦和人工智慧運算之間的協同作用源自於礦工可以獲得豐富的能源資源和現有的資料中心基礎設施。隨著人工智慧發展的加劇，對能源密集型運算設施的需求激增，這自然適合尋求多元化的採礦作業。

“Many miners are leaning toward the complementary strategies presented by Bitcoin & AI/HPC,” Sigel added. “In its May 2024 update, Iris Energy noted that cloud services help optimize capital costs and diversify revenue streams, smoothing returns through Bitcoin’s cycle.”

「許多礦工傾向於比特幣和人工智慧/高效能運算提出的互補策略，」Sigel 補充道。 “Iris Energy 在 2024 年 5 月的更新中指出，雲端服務有助於優化資本成本並實現收入來源多元化，從而平滑比特幣週期中的回報。”

Bitcoin Miners are Shifting to AI & HPC, Unlocking New Revenue Through Strategic ArbitrageWe Estimate a $38B Net Present Value Opportunity by Converting 20% of their Collective Capacity by 2027. (For context, the combined market cap of the stocks we looked at is $19B.)🧵 pic.twitter.com/hudE7PbXH2

比特幣礦工正在轉向AI 和HPC，透過策略套利釋放新收入。市值為19 美元） B.)🧵 pic.twitter.com/hudE7PbXH2

Examples of such moves have been evident since last year. For instance, HIVE Blockchain (NASDAQ:HIVE) rebranded to HIVE Digital to better reflect the evolving nature of its business, which now focuses not only on BTC mining but also on supporting the HPC and AI industries. The company expects this new venture to double its revenues, and to that end, it announced the construction of a new hydroelectric data center.

自去年以來，此類舉措的例子就很明顯。例如，HIVE Blockchain（納斯達克股票代碼：HIVE）更名為HIVE Digital，以更好地反映其業務不斷發展的性質，該業務現在不僅專注於BTC 挖礦，還專注於支援HPC 和人工智慧產業。該公司預計這家新企業的收入將增加一倍，為此，它宣佈建造一個新的水力發電數據中心。

Don't Miss the Market Opportunity, Says VanEck

VanEck 表示，不要錯過市場機會

Despite the optimistic outlook, recent market trends have shown a divergence between Bitcoin’s performance and mining stocks. The MarketVector Digital Asset Equity Index, which tracks major players in the digital asset space, has underperformed Bitcoin by a significant margin year-to-date. This disparity suggests that investors may be overlooking the potential upside of miners' diversification strategies.

儘管前景樂觀，但最近的市場趨勢顯示比特幣的表現與礦業股之間存在分歧。追蹤數位資產領域主要參與者的 MarketVector 數位資產股票指數今年迄今的表現大幅落後於比特幣。這種差異顯示投資者可能忽略了礦商多角化策略的潛在優勢。

After the recent correction however, the MarketVector Digital Asset Equity Index, tracking these stocks, is flat YTD, underperforming the bitcoin price by 3,800 bps. pic.twitter.com/0lBMH1IAad

然而，在最近的調整之後，追蹤這些股票的 MarketVector 數位資產股票指數今年迄今持平，比比特幣價格低 3,800 個基點。 pic.twitter.com/0lBMH1IAad

VanEck notes that while Bitcoin mining remains the core business for these companies, the ability to pivot towards AI and HPC could provide a hedge against cryptocurrency market volatility and create more stable revenue streams.

VanEck 指出，雖然比特幣挖礦仍然是這些公司的核心業務，但轉向人工智慧和 HPC 的能力可以對沖加密貨幣市場的波動，並創造更穩定的收入流。

“While the miner AI/HPC trend is nascent, it represents a significant merger of two high-growth tech sectors, creating a fascinating game theory dynamic,” Sigel concluded. “As some miners go offline to run GPUs, Bitcoin’s difficulty algorithm will automatically adjust, allowing the remaining miners to gain a slightly larger market share.”

Sigel 總結道：“雖然礦機 AI/HPC 趨勢尚處於萌芽階段，但它代表了兩個高成長技術領域的重大合併，創造了令人著迷的博弈論動態。” “當一些礦工下線運行 GPU 時，比特幣的難度演算法會自動調整，讓剩下的礦工獲得稍大的市場份額。”

Although cryptocurrencies still account for the majority of revenues for the largest miner on Wall Street, Hive Digital, in the second quarter, HPC generated $2.6 million, and these figures are expected to continue growing.

儘管加密貨幣仍佔華爾街最大礦商 Hive Digital 收入的大部分，但第二季 HPC 創造了 260 萬美元，預計這些數字將繼續增長。