Hive and Bitfarms Lead Miner-to-AI Rally as Bitcoin Reaches Two-Month High

Shares of crypto miners pivoting toward artificial intelligence infrastructure rose 11% as Bitcoin climbed to its highest level in two months.

BTC

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Terms & Concepts
  • Bitcoin miner: A company or operator that uses computing power to validate blockchain transactions and earn newly issued Bitcoin.
  • AI infrastructure: Computing facilities and hardware used to run artificial intelligence workloads, often including high-performance data centers and chips.
  • Blockchain: A shared digital ledger that records transactions across a network of computers in a tamper-resistant way.