Benzinga – Editor’s note: This story has been updated to correct a quote from Bitdeer CSO Haris Basit that was mistakenly attributed to another executive.
Bitcoin (CRYPTO: BTC) miners are increasingly turning to artificial intelligence to mitigate the impact of the recent halving event.
What Happened: The event, which occurred late on Friday, automatically halved the new issuance of Bitcoin, a process that happens roughly every four years. Halving, which is designed to counter inflation, has historically preceded a significant surge in Bitcoin’s price, reported CNBC.
However, the halving also directly impacts miners by reducing their rewards. This has prompted miners, including publicly traded companies, to explore AI as a potential revenue stream.
According to Haris Basit, chief strategy officer of Bitdeer, the company has been investing in new data centers and increasing vertical integration…
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