比特币矿工着眼于人工智能和高性能计算以增加收入

这一转变发生之际，矿商寻求业务多元化，并利用人工智能领域对计算能力不断增长的需求。

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.

投资管理公司 VanEck 最近的分析显示，公开交易的比特币 (BTC) 矿业公司正在探索新的创收途径，重点关注高性能计算 (HPC) 和人工智能 (AI)。

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

比特币矿工着眼于人工智能和高性能计算以增加收入

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.

这一转变发生之际，矿商寻求业务多元化，并利用人工智能领域对计算能力不断增长的需求。 VanEck 数字资产研究主管 Matthew Sigel 估计，到 2027 年，这一战略重点可为矿业公司释放 380 亿美元的价值。

“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.”

“人工智能公司需要能源，而比特币矿工拥有能源，”西格尔说。 “随着市场重视不断增长的 AI/HPC 数据中心市场，获得电力（尤其是在短期内）的价格非常昂贵。”

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.

比特币挖矿和人工智能计算之间的协同作用源于矿工可以获得丰富的能源资源和现有的数据中心基础设施。随着人工智能发展的加剧，对能源密集型计算设施的需求激增，这自然适合寻求多元化的采矿作业。

“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.”

“许多矿工倾向于比特币和人工智能/高性能计算提出的互补策略，”Sigel 补充道。 “Iris Energy 在 2024 年 5 月的更新中指出，云服务有助于优化资本成本并实现收入来源多元化，从而平滑比特币周期中的回报。”

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

比特币矿工正在转向 AI 和 HPC，通过战略套利释放新收入。我们估计，到 2027 年，通过转换 20% 的集体产能，净现值机会为 380 亿美元。（作为上下文，我们研究的股票的总市值为 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.

自去年以来，此类举措的例子就很明显。例如，HIVE Blockchain（纳斯达克股票代码：HIVE）更名为 HIVE Digital，以更好地反映其业务不断发展的性质，该业务现在不仅专注于 BTC 挖矿，还专注于支持 HPC 和人工智能行业。该公司预计这家新企业的收入将增加一倍，为此，它宣布建设一个新的水力发电数据中心。

Don't Miss the Market Opportunity, Says VanEck

VanEck 表示，不要错过市场机会

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.

尽管前景乐观，但最近的市场趋势显示比特币的表现与矿业股之间存在分歧。追踪数字资产领域主要参与者的 MarketVector 数字资产股票指数今年迄今的表现大幅落后于比特币。这种差异表明投资者可能忽视了矿商多元化战略的潜在优势。

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，在最近的调整之后，追踪这些股票的 MarketVector 数字资产股票指数今年迄今持平，比比特币价格低 3,800 个基点。 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，虽然比特币挖矿仍然是这些公司的核心业务，但转向人工智能和 HPC 的能力可以对冲加密货币市场的波动，并创造更稳定的收入流。

“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 总结道：“虽然矿机 AI/HPC 趋势尚处于萌芽阶段，但它代表了两个高增长技术领域的重大合并，创造了令人着迷的博弈论动态。” “当一些矿工下线运行 GPU 时，比特币的难度算法会自动调整，让剩下的矿工获得稍大的市场份额。”

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.

尽管加密货币仍占华尔街最大矿商 Hive Digital 收入的大部分，但第二季度 HPC 创造了 260 万美元，预计这些数字将继续增长。