Bloomberg: Crypto mining companies riding the AI wave are gradually abandoning BTC

ChainCatcher news, according to Bloomberg, stocks of large computing companies that support Bitcoin have once again outperformed Bitcoin itself, as more and more companies are turning to a hybrid model centered around artificial intelligence and high-performance computing.

These companies were originally referred to as "mining companies," drawing an analogy from the process of creating Bitcoin to the mining of traditional precious metals like gold, but they have long been affected by the volatility of Bitcoin prices. Two years ago, the industry benefited from the early AI boom, but in the following year, as mining profits declined and competition intensified, their stock prices fell again.