Listed mining company cuts BTC computing power by 23%, transforms AI business to increase revenue

According to analysis by TheEnergyMag, listed mining companies have reduced their actual BTC computing power by 23% to shift towards AI business. The HPC and AI revenue of related mining companies increased by 52% month on month, and some companies' HPC/AI revenue has exceeded their mining revenue. The median revenue per megawatt hour for AI cloud is about $940, which is more than 5 times that of the S23 Hyd mining machine and more than 8 times that of the S21 Pro. HPC hosting revenue is approximately $175, which is equivalent to mining revenue, but hosting revenue is usually contracted for multiple years and electricity bills can be passed on to customers. The 14 mining companies included in the statistics had a quarterly capital expenditure of 18.6 billion US dollars, nearly 15 times their revenue.