Bitcoin miner Bit Digital ventures into AI infrastructure expecting higher profits than mining
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In the context where the decline in Bitcoin prices has impacted mining profits, Bit Digital Inc. has decided to venture into the artificial intelligence infrastructure business. The company has already signed an agreement with a client to provide cloud GPU resources at a data center. Bit Digital states that compared to mining operations, the AI sector offers greater profit margins and can provide a stable income for the company's core business. The company plans to purchase a significant number of high-performance computing devices and deploy them at data centers to serve AI companies. This move is expected to diversify Bit Digital's sources of revenue.
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