Just saw MARA jumped 17% after announcing they're partnering with Starwood to build AI data centers across their existing sites. Pretty interesting move for a bitcoin mining company honestly. So basically they're converting their mining locations into infrastructure for AI firms since that's where the real demand is right now. Starwood's putting up the capital and handling operations while MARA provides the real estate and power access. They're targeting 1 GW capacity to start, scaling to 2.5 GW eventually. Makes sense given how squeezed miners have gotten after the halving. Bitcoin mining margins are getting crushed with rising power costs and competition, so the pivot to AI infrastructure feels inevitable. Though their CEO Fred Thiel made it clear bitcoin mining is still core to their strategy, not abandoning it completely like some others are doing. Their Q4 revenue was $202.3M, down 6% from last quarter mostly because bitcoin prices were down 14% on average. So yeah, diversifying into AI data centers while keeping bitcoin mining operations seems like the smart play right now. Curious if other miners follow the same playbook or if this becomes the new standard for the industry.

BTC-0.68%
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