AI Compute Outperforms Bitcoin Mining in Power Returns, Says MARA CEO
MARA CEO Fred Thiel says that artificial intelligence compute is now more profitable than Bitcoin mining in terms of power returns.
The cost of building an AI data center is significantly lower, with estimates ranging from $10-15 million per megawatt compared to $1 million for Bitcoin mining.
This shift has major implications for the industry, as companies will need to become power providers themselves or form close partnerships with electricity suppliers to remain competitive.