Crypto Biz: Is AI the exit strategy for miners?
Bitcoin miners double down on AI, tokenized RWAs top $43 billion, Ripple strengthens its African payments network and Sam Bankman-Fried loses his appeal.
For years, Bitcoin miners were little more than leveraged bets on BTC prices. That’s changing fast. As mining margins tighten and demand for AI computing accelerates, the industry’s biggest players are discovering that access to power and data center infrastructure may be more valuable than hash rate.
That shift gained further validation this week as Nvidia reportedly prepared a $20 billion bond sale to finance the next phase of its AI expansion, reinforcing the multi-year investment cycle that Bitcoin miners are increasingly positioning themselves to serve.
Elsewhere, the tokenized real-world asset market continued to defy the broader crypto downturn, Ripple expanded its African payments push with an investment in Flutterwave and former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction.
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