MARA Holdings CEO Compares Powering AI to Bitcoin Mining! Which is More Profitable?
Covered by 3 sources · 3 articles
3 outlets - including Bitcoin, Blockchainreporter and Bitcoinsistemi - are covering this story. MARA CEO Fred Thiel says scarce electricity can produce far higher returns when directed to artificial intelligence than to bitcoin mining. The company still plans to mine bitcoin where low-cost or surplus energy makes the economics attract…
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MARA CEO Says AI Delivers More Revenue From Power Than Bitcoin Mining
MARA CEO Fred Thiel says scarce electricity can produce far higher returns when directed to artificial intelligence than to bitcoin mining. The company still plans to mine bitcoin where low-cost or surplus energy makes the economics attract…
MARA CEO Says AI Compute Now Far More Profitable Than Bitcoin Mining
MARA CEO Fred Thiel said AI workloads now deliver far greater returns per unit of electricity than Bitcoin mining, accelerating a pivot toward AI data.
MARA Holdings CEO Compares Powering AI to Bitcoin Mining! Which is More Profitable?
According to Thiel, the energy needs of data centers are rapidly increasing, especially with the proliferation of generative AI applications.