Bitcoin Miners Are Striking It Big With a Pivot Into AI. Here's the 1 Bitcoin Mining Stock I'm Buying Right Now.
One Bitcoin miner has found a powerful new use for its energy assets, but the stock may already reflect much of the opportunity.
Overview
Bitcoin (CRYPTO: BTC) mining revenue can rise or fall with Bitcoin prices, competition from other miners, and electricity costs. TeraWulf (NASDAQ: WULF) is trying to reduce revenue volatility by leasing data center infrastructure to artificial intelligence (AI) customers.
Image source: Getty Images.
TeraWulf recently signed a 20-year agreement to provide Anthropic with roughly 401 megawatts of AI computing capacity. The lease is expected to generate approximately $19 billion of contracted revenue, with the first facilities scheduled to begin operating in late 2027.
Details
Source
Originally published at www.fool.com.
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