Looks like certain pubcos (I will just mention them.. IREN and CORZ) pivoted to AI by repurposing their warehouses as HPC server farms, and they are doing great. What are your thoughts on this? Can a Bitcoin miner be a good Bitcoin miner if they divert from the main purpose to step into other fields? Is this a good play to find profitability in bear markets or in times when there aren't as many fees? So far it's going great for these two. Is this a short lived buy the news pump or is this a good long term play worth having on a portfolio?
As far as private miners, is any of them doing this?
Repurposing Bitcoin mining infrastructure for AI and HPC, as seen with IREN and CORZ, is a smart diversification strategy. It mitigates risk by creating alternative revenue streams and better utilizes existing facilities, ensuring profitability even in bear markets. This pivot appears promising for the long term, not just a short-term hype. Private miners are also exploring similar moves to diversify their income.
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