Crypto Miners Strike Gold in AI: Stocks to Watch
Bitfarms .(BITF) MarketBeat·2024-05-14 20:00
Key Points The cryptocurrency mining sector was once a symbol of booming growth and rapid innovation, but it now faces a series of daunting challenges. Rising energy costs are squeezing profit margins, and recently, the Bitcoin halving event cut the rewards to mining companies in half. These headwinds are forcing many miners to reevaluate their business models and seek new avenues for sustainable growth. Despite this industry shakeup, a powerful new business model is emerging, poised to redefine the future ...