VanEck: Bitcoin miners could earn $13.9 billion annually from 20% AI and high-performance computing energy transfer

On August 18th, VanEck stated in a report that "AI companies need energy, and Bitcoin miners have energy." The company believes that Bitcoin mining companies face profit risks due to operational cost fluctuations and Bitcoin price volatility, and they may find it a good strategy to redirect some of their energy production capacity to the growing fields of AI and high-performance computing. VanEck stated, "The balance sheets of Bitcoin mining companies are usually poor, either because of too much debt, too many stocks issued, high executive salaries, or a combination of all three." VanEck estimates that if publicly traded Bitcoin mining companies shift 20% of their energy production capacity to AI and high-performance computing by 2027, "the total additional annual profit over the 13 years will average more than $13.9 billion."