比特币 (BTC) 矿商多元化进入人工智能和高性能计算领域，以抵消市场波动

2024 年是比特币挖矿行业破纪录的一年，但竞争加剧和行业波动迫使多家公司采取新策略。

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.

由于竞争加剧和行业波动，比特币矿商在 2024 年改变了策略。许多人选择保留大部分开采的比特币，或者完全不出售。

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.

出于多种原因，矿工可能会选择持有比特币。他们可能预计比特币价格将进一步升值，或者旨在加强其资产负债表。

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

如果他们遵循 MicroStrategy 的策略，比特币金库也可以用来对冲货币贬值。

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.

正如最近的一份报告所强调的那样，包括 MARA Holdings、Riot Platforms 和 Hut 8 在内的几家矿商特别利用借来的资金购买了额外的比特币，以扩大其财务策略。

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

除了收购 BTC 之外，CleanSpark 等矿商还选择保留近几个月开采的大部分比特币。

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

报告称，比特币矿商是最大的 BTC 持有者之一，其中 16 家最大的 BTC 持有者中有 4 家是矿业公司。

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

这与机构对比特币日益增长的兴趣相一致，一些交易所交易基金 (ETF) 也在 2024 年积累了 BTC。

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

事实上，比特币 ETF 挖出的 BTC 几乎是 12 月份开采量的三倍。

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.

报告称，除了核心挖矿业务外，一些矿商还于 2024 年转向高性能计算 (HPC) 和人工智能领域，以产生可预测的收入并缓冲挖矿波动。

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."

这种趋势在美国尤其明显，“严峻的采矿经济和利润丰厚的人工智能/高性能计算业务吸引他们向其他计算领域多元化发展”。

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

比特币矿商 Hive Digital 在 9 月份告诉 Cointelegraph，它正在将 Nvidia GPU 重新用于人工智能应用程序。

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 总裁兼首席执行官 Aydin Kilic 表示，使用 Nvidia GPU 执行 AI 任务每小时可产生超过 2 美元的收入，而加密货币挖矿每小时的收入仅为 0.12 美元。

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

仅第二季度，该公司的 HPC 和 AI 平台就创造了超过 200 万美元的收入。

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 和数字采矿解决方案报告还强调，几家市值至少为 1 亿美元的 BTC 矿商通过人工智能和 HPC 计划创造了可观的收入。

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 收入占 Hut 8 收入的近 8%。Hive Digital 的这一数字接近 7%。