Bitcoin Miners, Now AI Compute Leaders, Face Profitability Concerns

What: Bitcoin miners have shifted their focus to AI compute, but profitability is now a concern due to rising energy costs.
Why: The shift to AI compute has led to increased energy consumption, making it challenging for miners to maintain profitability.
Signal: A **30%** decline in miner revenue is expected if energy costs continue to rise.
Target: Miners are looking to optimize their operations and explore alternative revenue streams to stay profitable.
Risk: The profitability concerns may lead to a **20%** decrease in global AI compute capacity if miners are forced to shut down operations.