Rapha Zagury: Bitcoin is experiencing its first computing bear market, mining companies need to balance mining and AI transformation

Rapha Zagury, CEO of Twenty One Capital, stated that the Bitcoin network is experiencing its first-ever bear market in computing power, with a record breaking time for computing power to fall from historical highs. Rapha Zagury believes that the survival of mining companies depends on energy costs and mining machine efficiency. If there is only $1 available for configuration, it is recommended to prioritize purchasing BTC. He pointed out that the flexible load of mining machines can enhance the stability of the power grid, and the infrastructure of mining enterprises has additional application scenarios under the demand for AI and high-performance computing.