Apparently many public miners are trying to "diversify" into AI compute
If you own stocks in such mining companies I highly recommend you dump them
Not only is AI in a bubble, you also need a whole operation to sell and support this compute, inability to shut off and competing with the unlimited budgets of big tech...
Is AI bubble this generation dotcom bubble? 🤔🤔🤔
Yes, there is value in AI no doubt but 99% of the crap being funded right now will be dead in a few years
CORZ contract with Corweave is extremely lucrative, IREN’s limited pilot program has a two year payback on hardware. Big tech might just buy some of the miners out completely to get their locations and power contracts. Just my 2 cents.
