Bitcoin Mining Companies Dey Shift to Cheap Power and AI Over Halving
Bitcoin mining don dey enter new era. For SALT conference wey happen for Jackson Hole, top people from Cleanspark, Terawulf, Marathon Digital and IREN yan say the normal four-year halving cycle no get that kain power again. Institutional demand and spot Bitcoin ETFs don start to control mining revenue pass the reward cuts. Cheap electricity na the main thing wey dey make profit. With electricity cost $0.05 per kWh, half of Bitcoin current price $115,000 dey spent on power. Companies dey diversify their business. Cleanspark dey make money from their 800 MW energy setup. Terawulf sign $6.7 billion deal with Google to change mining sites to data centers. IREN talk say dem get 65% EBITDA margin on 50 EH/s because dem dey control cheap power. Marathon dey keep BTC for their balance sheet and dem dey check edge AI compute through their Exaion stake. Now, miners dey put power infrastructure and new income from AI and data centers first. Them dey also use flexible load to reduce energy cost. Even though bitcoin mining still remain core, the focus on cheap power and diversification show say strategy don change. Traders suppose watch how these moves go affect hashrate, mining difficulty and market supply.
Neutral
Di news de talk say na strategy shift e be, no be say e go directly make Bitcoin price change. Miners dem dey focus on cheap power and to mix AI/data center join, dis one go fit slow down hashrate growth and difficulty spikes. E go keep pressure on fees but e no go push up BTC price. For short term, how dem go time and run energy deal fit cause some uncertainty. For long term, different revenue streams go make miners strong so dem no go easily liquidate when market down, but e no get big effect for Bitcoin supply-demand balance. Past times, like when miners diversify during 2021 energy wahala, market response na neutral to small bullish. Overall, market go likely just stay as e be if no big power wahala or plenty equipment deployment happen.