BlackRock Sees AI Power Demand Disrupting Bitcoin Mining Model
TLDR BlackRock projects AI data centers may use up to 24% of US power by 2030. AI needs constant electricity, unlike Bitcoin mining’s flexible usage model. Grid bottlenecks may favor AI over mining due to political and economic value. Bitcoin miners may shift to hosting AI infrastructure or sign curtailment deals. BlackRock has issued a […] The post BlackRock Sees AI Power…
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