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/

[FP91G]

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/

I understand that in a dual-loop cooling system, heat is transferred to seawater through radiators.
This cooling system may be safe, but we won't learn about its harm to the ocean much later. But I'm not an expert on deep ocean waters and currents.

[joker_josue]

This cooling system may be safe, but we won't learn about its harm to the ocean much later. But I'm not an expert on deep ocean waters and currents.

Well, in the end, you'll only know for sure after the system has been up and running for some time.
For now, studies indicate a smaller impact compared to other data centers around the world.

Here you can find the report from the Portuguese Environment Agency:
https://siaia.apambiente.pt/AIADOC/RECAPE564/v5_recape_datacenter_pgm2024101016403.pdf (this is in Portuguese)

In turn, there will always be organizations that point out less positive aspects of the project, as is normal.
Unfortunately, it remains difficult to assemble these types of structures with zero or near-zero environmental impact.

[dansus021]

Well like philipma said that the difficulty of the network could be down if this AI pivotal work and everyone is doing the same, they are farm and public corporation and personally a public company is only care about profit and stockholder in a simple way.

way way in the future big farm most likely going to shutdown because right now the most profitable mining is bitcoin second when bitcoin didnt reward founding block I do believe they gonna move out

Do a google search and yep they is doing it

The company is converting a significant portion of its power portfolio from Bitcoin mining to HPC/AI data centers to capitalize on surging demand and higher valuation multiples.
Shareholders approved the reorganization into Delaware-based parent company Keel Infrastructure to appeal to US investors, secure new sources of capital, and shift operations away from Latin America toward North American energy markets.
As part of this transition, the company is redeveloping facilities such as an 18 MW site in Washington state and its Panther Creek site to support liquid-cooled, AI-ready infrastructure.

[FP91G]

Well like philipma said that the difficulty of the network could be down if this AI pivotal work and everyone is doing the same, they are farm and public corporation and personally a public company is only care about profit and stockholder in a simple way.

way way in the future big farm most likely going to shutdown because right now the most profitable mining is bitcoin second when bitcoin didnt reward founding block I do believe they gonna move out

Do a google search and yep they is doing it

The company is converting a significant portion of its power portfolio from Bitcoin mining to HPC/AI data centers to capitalize on surging demand and higher valuation multiples.
Shareholders approved the reorganization into Delaware-based parent company Keel Infrastructure to appeal to US investors, secure new sources of capital, and shift operations away from Latin America toward North American energy markets.
As part of this transition, the company is redeveloping facilities such as an 18 MW site in Washington state and its Panther Creek site to support liquid-cooled, AI-ready infrastructure.

The hashrate won't decline rapidly because the centers for these projects will be built within 2-3 years. Companies are buying equipment to pay for itself before the halving. A sharp drop in mining hashrate isn't expected in the next two years unless the price drops to 40,000.
I've noticed that the newer the equipment, the longer its payback period. Or perhaps manufacturers are publishing prices out of tradition, as they will always offer good discounts to their major customers.

[philipma1957]

It’s fascinating to see a major miner target zero bitcoin on its balance sheet. While players like MicroStrategy are buying up every BTC they can, miners like Bitfarms are completely decoupling from the asset's volatility to chase the AI boom. With 341 MW already energized and a clear path to 2027 AI revenue, do you think we will see a permanent divide between 'pure-play' miners and those transforming into AI data centers?

yes no maybe

yes if the company has an easy transition to ai
no if the company can not unlock and transfer the power.

maybe if the company realizes they can do both.

mining does not take a ton of space.


https://www.corexhosting.io/

is my hosting company.


he has around 4 megawatts of power

he can do maybe 1000 s21xps

that is 270x0.033=8.91 a day x 1000= 8910 usd a day.


but his company is locked into a contract and he can’t move the power to a new building.

also his structure is for mining not ai so rebuilding for him to do ai is a no go.

he is a no go he will stick with mining. ⛏️

[FP91G]

It’s fascinating to see a major miner target zero bitcoin on its balance sheet. While players like MicroStrategy are buying up every BTC they can, miners like Bitfarms are completely decoupling from the asset's volatility to chase the AI boom. With 341 MW already energized and a clear path to 2027 AI revenue, do you think we will see a permanent divide between 'pure-play' miners and those transforming into AI data centers?

There is a new coin now that gives huge profits on video cards.
https://www.hashrate.no/gpus/5090
I think that mining companies will engage in income diversification in order to have different sources of profit. Although data centers are much more expensive, they also offer greater profit potential and unlimited activity. They can mine, perform calculations, and even lease out AI equipment.