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Popular North American company shuts down Bitcoin mining for AI
Bitcoin (BTC) mining is no longer lucrative and several leading energy and digital infrastructure companies are exiting operations to pivot to artificial intelligence (AI). The process of Bitcoin mining involves miners using high-end computing power to solve complex cryptographic functions so that you can verify and add blocks containing BTC transactions to the chain. In exchange for securing the Bitcoin network, miners receive rewards in the form of BTC. The price of Bitcoin has grown exponentially over the years. So the question is, why are companies exiting Bitcoin mining operations? This is where the concept of ... (full story)
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