MARA CEO: Power revenues for AI infrastructure operators far exceed Bitcoin mining

Deep Tide TechFlow message: On July 29, according to Bitcoin.com, MARA Holdings CEO Fred Thiel said that the returns obtained by using electricity to power AI infrastructure are far higher than those from Bitcoin mining, and the company is accelerating its transition to the data center business. MARA has partnered with Starwood to deploy about 1 GW of near-term computing capacity, and in July it completed an acquisition agreement for a roughly 2 GW power site in Texas. Meanwhile, mining companies in the industry such as TeraWulf, CleanSpark, and Hut 8 have also signed long-term AI leases, with Hut 8 having fully locked in its 1 GW Beacon Point campus through two 15-year leases, bringing the total contract value to about $19.6 billion. Thiel also emphasized that in low-cost or surplus-energy regions, Bitcoin mining still has economic value and will not be completely replaced.
MARA-3.22%
BTC1.44%
CLSK-3.99%
HUT-3.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned