As Bitcoin miners grapple with declining revenues, a VanEck report suggests a lucrative pivot to the AI industry could bring more funds.
Reports suggested that the energy generated could be put to better use for more revenue.have experienced a significant revenue decline over the past few months, with earnings hitting some of the lowest levels in years.
By redirecting some of their resources to support these industries, miners could generate an additional $13.9 billion in yearly revenue by 2027. In late April and early May 2024, miner revenue surged by over 70%, followed by another significant spike in June 2024, reaching approximately 40%.
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