The first miner has already run towards AI

[joker_josue]

A large company is losing $5 million a month. If this trend continues, when will companies start exiting mining? Or is this a way to lower taxes and get aid?

I seriously doubt that a company of this size, with such a good understanding of mining and Bitcoin, wouldn't have prepared for the possibility of a Bitcoin price drop.

Furthermore, we are not at such a low level as we once were. We are in the same position as we were in 2024, without the significant increase that occurred in 2025.

Therefore, it doesn't surprise me that they are trying to get some kind of help.

[Bitcoin_Arena]

Furthermore, we are not at such a low level as we once were. We are in the same position as we were in 2024, without the significant increase that occurred in 2025.

Therefore, it doesn't surprise me that they are trying to get some kind of help.

My theory is that part of 2024 was the pre-halving period where some companies or miners enjoyed those mining rewards more than they are doing right now. Also remember there was that JPEG spam on the Bitcoin network that led to a spike in fees, so even after halving, the rewards were a bit ok compared to now. the big guess leaving the field right now may leave some bit of breathing space for small scale miners.

[joker_josue]

Furthermore, we are not at such a low level as we once were. We are in the same position as we were in 2024, without the significant increase that occurred in 2025.

Therefore, it doesn't surprise me that they are trying to get some kind of help.

My theory is that part of 2024 was the pre-halving period where some companies or miners enjoyed those mining rewards more than they are doing right now. Also remember there was that JPEG spam on the Bitcoin network that led to a spike in fees, so even after halving, the rewards were a bit ok compared to now. the big guess leaving the field right now may leave some bit of breathing space for small scale miners.

Yes, that's true. But all the miners knew there would be a halving, and you have to plan for it. A company like that certainly planned for it.

But perhaps the positive side is that it's starting to create room for smaller mining companies to enter the market. Because mining is becoming too corporate, in the sense that it is becoming concentrated in the hands of only a few large players.

[FP91G]

A large company is losing $5 million a month. If this trend continues, when will companies start exiting mining? Or is this a way to lower taxes and get aid?

I seriously doubt that a company of this size, with such a good understanding of mining and Bitcoin, wouldn't have prepared for the possibility of a Bitcoin price drop.

Furthermore, we are not at such a low level as we once were. We are in the same position as we were in 2024, without the significant increase that occurred in 2025.

Therefore, it doesn't surprise me that they are trying to get some kind of help.

If mining companies knew more information than other market participants, they would have sold their bitcoins when the price was above $110,000.
I haven't seen any evidence that these companies are receiving aid in USA. Do you think the company will hold onto bitcoins and borrow dollars to make a profit on the rising price of bitcoin?

[joker_josue]

If mining companies knew more information than other market participants, they would have sold their bitcoins when the price was above $110,000.
I haven't seen any evidence that these companies are receiving aid in USA. Do you think the company will hold onto bitcoins and borrow dollars to make a profit on the rising price of bitcoin?

I don't think so.

Now they may be creating an approach to try and ride this wave of AI investments. And they're building this narrative.

[FP91G]

If mining companies knew more information than other market participants, they would have sold their bitcoins when the price was above $110,000.
I haven't seen any evidence that these companies are receiving aid in USA. Do you think the company will hold onto bitcoins and borrow dollars to make a profit on the rising price of bitcoin?

I don't think so.

Now they may be creating an approach to try and ride this wave of AI investments. And they're building this narrative.

Large mining companies have electricity costs no more than 6 cents. If they pay 5 cents and pay for their ASICs in 14 months, can they do the same with AI hardware?

This hardware requires very expensive infrastructure, unlike air-cooled ASICs.

[joker_josue]

This hardware requires very expensive infrastructure, unlike air-cooled ASICs.

Yes, the hardware is different and expensive. But they have a very good cooling system in place.

The biggest problem with computer equipment is heat. Data centers dedicated to AI, which also involve a lot of processing, also need good cooling systems. In turn, there is a lack of data centers ready to receive the AI ​​hardware. The mining companies already have the necessary infrastructure; they just need to receive the hardware and turn it on.

For example, in my country they will begin building a data center dedicated to AI, which will take almost 2 years to complete.

[FP91G]

This hardware requires very expensive infrastructure, unlike air-cooled ASICs.

Yes, the hardware is different and expensive. But they have a very good cooling system in place.

The biggest problem with computer equipment is heat. Data centers dedicated to AI, which also involve a lot of processing, also need good cooling systems. In turn, there is a lack of data centers ready to receive the AI ​​hardware. The mining companies already have the necessary infrastructure; they just need to receive the hardware and turn it on.

For example, in my country they will begin building a data center dedicated to AI, which will take almost 2 years to complete.

Is this equipment as good as it is expensive? Most equipment can operate at elevated temperatures, but it will perform less efficiently.
Will AI data centers be built with nitrogen cooling in the future?
AI trends could change dramatically in two years, but investors are prepared to take the risks.

[joker_josue]

AI trends could change dramatically in two years, but investors are prepared to take the risks.

Yes. The refrigeration part is perhaps the element that stands out the most in the project
They will use ocean water to cool the data center. It is an innovative project.
https://news.pm-global.co.uk/2025/05/portugals-sines-data-center-pioneers-sustainable-cooling-with-atlantic-seawater/

[FP91G]

AI trends could change dramatically in two years, but investors are prepared to take the risks.

Yes. The refrigeration part is perhaps the element that stands out the most in the project
They will use ocean water to cool the data center. It is an innovative project.
https://news.pm-global.co.uk/2025/05/portugals-sines-data-center-pioneers-sustainable-cooling-with-atlantic-seawater/

Seawater is not suitable for cooling systems at all, as the salts in seawater are corrosive to metals. It would likely be safer for the data center if it were used in the external cooling loop.

However, I don't know how safe it would be for the ocean, as it severely impacts the microflora.

[joker_josue]

AI trends could change dramatically in two years, but investors are prepared to take the risks.

Yes. The refrigeration part is perhaps the element that stands out the most in the project
They will use ocean water to cool the data center. It is an innovative project.
https://news.pm-global.co.uk/2025/05/portugals-sines-data-center-pioneers-sustainable-cooling-with-atlantic-seawater/

Seawater is not suitable for cooling systems at all, as the salts in seawater are corrosive to metals. It would likely be safer for the data center if it were used in the external cooling loop.

However, I don't know how safe it would be for the ocean, as it severely impacts the microflora.

It's a groundbreaking new technology
Basically they use two water circuits: one internal and one external.

The internal circuit cools the servers, which heats it to water
Then the external circuit, which gives sea water, is used to cool the water of the internal circuit.

In short, instead of wasting energy on fans, they use seawater to cool the water in the data center.
It is using water to cool the water.

[NotATether]

Core Scientific (CORZ) reported a $347.2 million Q1 loss. It sold $208.3 million in BTC and closed a $3.3 billion note offering to fund its shift to AI data center operations.
Colocation revenue for AI data centers surged to $77.5 million, becoming the largest business line. Meanwhile, crypto mining revenue dropped significantly to $30.1 million.
The firm's AI pivot relies on a 590 MW contract expansion with CoreWeave, projected for $10.2 billion in revenue over 12 years.
link

A large company is losing $5 million a month. If this trend continues, when will companies start exiting mining? Or is this a way to lower taxes and get aid?

Only the unprofitable companies will exit. AI data centers are providing a huge boom in revenue so this is what they will pivot to short term.

But I assure you, when the hype dries up, we will see these companies closing these data centers and actually going bankrupt because there's going to be no second hype to rescue them.

[FP91G]

AI trends could change dramatically in two years, but investors are prepared to take the risks.

Yes. The refrigeration part is perhaps the element that stands out the most in the project
They will use ocean water to cool the data center. It is an innovative project.
https://news.pm-global.co.uk/2025/05/portugals-sines-data-center-pioneers-sustainable-cooling-with-atlantic-seawater/

Seawater is not suitable for cooling systems at all, as the salts in seawater are corrosive to metals. It would likely be safer for the data center if it were used in the external cooling loop.

However, I don't know how safe it would be for the ocean, as it severely impacts the microflora.

It's a groundbreaking new technology
Basically they use two water circuits: one internal and one external.

The internal circuit cools the servers, which heats it to water
Then the external circuit, which gives sea water, is used to cool the water of the internal circuit.

In short, instead of wasting energy on fans, they use seawater to cool the water in the data center.
It is using water to cool the water.

I don't understand what's revolutionary about a dual-circuit cooling system? Such systems were used on ships to cool their engines over 100 years ago.

If a ship can't significantly impact the ocean ecosystem, then such data centers will use a huge flow of seawater and harm the ocean.

Core Scientific (CORZ) reported a $347.2 million Q1 loss. It sold $208.3 million in BTC and closed a $3.3 billion note offering to fund its shift to AI data center operations.
Colocation revenue for AI data centers surged to $77.5 million, becoming the largest business line. Meanwhile, crypto mining revenue dropped significantly to $30.1 million.
The firm's AI pivot relies on a 590 MW contract expansion with CoreWeave, projected for $10.2 billion in revenue over 12 years.
link

A large company is losing $5 million a month. If this trend continues, when will companies start exiting mining? Or is this a way to lower taxes and get aid?

Only the unprofitable companies will exit. AI data centers are providing a huge boom in revenue so this is what they will pivot to short term.

But I assure you, when the hype dries up, we will see these companies closing these data centers and actually going bankrupt because there's going to be no second hype to rescue them.

Alphabet (Google) is probably the biggest investor in data centers, but I doubt they will go bankrupt.

[joker_josue]

If a ship can't significantly impact the ocean ecosystem, then such data centers will use a huge flow of seawater and harm the ocean.

It is innovative in its application and in how it will be used.

This type of technology is only viable in this data center because of its location.

The cooling system draws cold water directly from the Atlantic Ocean through deep pipelines from a former coal-fired power plant and a gas refinery terminal.

It uses it exclusively in a closed circuit where titanium heat exchangers absorb heat from the artificial intelligence processors, without the seawater touching the computers or receiving any chemical additives.

To ensure the preservation of the marine ecosystem, the water is pre-filtered with low-suction screens that prevent fish from being caught, and after the process, it is returned to the sea clean and directed towards strong currents that dissipate heat almost instantaneously, keeping the temperature variation in the discharge area below 1°C, thus eliminating the risk of chemical and thermal pollution.

https://www.startcampus.pt/press_release_october_14_2024_case_study
https://www.alfalaval.com/campaign/energy/whitepaper-advancing-sustainability-in-data-center/