比特幣礦工看到了轉向人工智慧和高效能運算 (HPC) 資料中心交易的有希望的轉變

Investing.com——Piper Sandler 分析師在周三的一份報告中強調了比特幣礦商的一個有希望的轉變，強調了巨大的盈利潛力

Bitcoin miners are pivoting towards artificial intelligence (AI) and High-Performance Computing (HPC) data center deals in a bid to shore up their earnings potential, Piper Sandler said in a note to clients on Wednesday.

Piper Sandler 在周三給客戶的報告中表示，比特幣礦商正在轉向人工智慧（AI）和高效能運算（HPC）資料中心交易，以增強其獲利潛力。

The analysts noted that while Bitcoin miners are still in the "early innings" of this transition, the economics are too compelling to ignore, putting pressure on miners to diversify their operations.

分析師指出，雖然比特幣礦商仍處於這一轉型的“早期階段”，但經濟因素不容忽視，給礦商帶來了多元化運營的壓力。

"We believe the economics are significantly more attractive versus the core mining business," the firm said, adding that it expects to see more announcements in 2025.

該公司表示：「我們認為，與核心採礦業務相比，其經濟效益明顯更具吸引力。」並補充稱，預計 2025 年將發布更多公告。

The note highlighted some deals that were announced last year, such as Core Scientific/CoreWeave and TeraWulf/Core42, as early indicators of this trend.

該報告強調了去年宣布的一些交易，例如 Core Scientific/CoreWeave 和 TeraWulf/Core42，作為這一趨勢的早期指標。

"We expect more announcements in 2025 with the larger miners (GLXY, RIOT, HUT). One key advantage for Bitcoin miners is their approved access to power, which is highly attractive to the AI companies," Piper said.

「我們預計大型礦商（GLXY、RIOT、HUT）將在2025 年發布更多公告。比特幣礦商的一個關鍵優勢是他們獲得批准的電力，這對人工智慧公司來說非常有吸引力，” Piper 說。

Bitcoin mining and training AI models are both power-intensive processes. According to Piper, the existing infrastructure of Bitcoin miners offers a faster and more efficient solution for AI companies.

比特幣挖礦和訓練人工智慧模型都是耗電過程。 Piper 表示，比特幣礦工現有的基礎設施為人工智慧公司提供了更快、更有效率的解決方案。

"This allows AI companies to quickly scale their operations without having to go through the lengthy process of building and gaining approval for new sites," the analysts explained.

分析師解釋說：“這使得人工智慧公司能夠快速擴大業務規模，而無需經歷漫長的建設和獲得新站點批准的過程。”

Piper estimates that AI/HPC data center contracts could triple miner EBITDA at certain sites.

Piper 估計，人工智慧/高效能運算資料中心合約可能會使某些站點的礦機 EBITDA 增加三倍。

The note also provides an overview of potential sites for companies like RIOT, HUT, GLXY, and MARA, detailing power authorizations and possible economic outcomes of AI/HPC deals.

該說明還概述了 RIOT、HUT、GLXY 和 MARA 等公司的潛在站點，詳細介紹了人工智慧/高效能運算交易的權力授權和可能的經濟成果。

"While not all Bitcoin miners are currently pursuing these opportunities, we believe that those who do will see a material boost in their financial performance," the analysts concluded.

分析師總結道：“雖然目前並非所有比特幣礦商都在尋求這些機會，但我們相信那些這樣做的人將看到他們的財務業績得到實質性提升。”