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Bitcoin Mining Firms Shift to AI Amid Rising Costs and Regulations

  • Bitcoin mining firms are facing rising costs and regulatory challenges, leading them to diversify their revenue sources.
  • To stay profitable, mining firms are incorporating AI and high-performance computing services to reduce expenses and explore new income opportunities.
  • This shift towards AI and diversified business models helps mining firms navigate Bitcoin price volatility and high running expenses.
  • Regulations in Russia have tightened, allowing only registered entities to mine cryptocurrencies in an effort to prevent financial crimes.

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