VanEck: Due to the instability of mining revenue, U.S. Bitcoin mining companies are accelerating their layout in artificial intelligence and high-performance computing businesses.

According to Deep Tide TechFlow, on February 21, citing a report from VanEck, Bitcoin mining companies are accelerating their transition to artificial intelligence (AI) and high-performance computing (HPC) businesses due to unstable transaction fee revenues.

The report notes that while network congestion may lead to short-term fee increases, the rise of off-chain solutions such as exchange-traded funds (ETFs), futures markets, layer-two networks, and centralized exchanges creates uncertainty for long-term on-chain revenue growth.

It is reported that several mining companies, including Cipher Mining, Iris Energy, Riot Platforms, and HIVE Digital Technologies, have begun to position themselves in related businesses.

VanEck expects that Bitcoin mining companies will allocate 20-30% of their power capacity for AI and HPC businesses in the future to achieve revenue diversification.