AI挖矿转向：比特币矿工为何不回归矿池

What was the average ROI for miners who made the pivot to AI in Q2, according to CoinShares' report?

We tried to make a similar pivot last year but hit significant hurdles with cooling systems; what solutions did these major miners implement?

This is a solid read on the infrastructure pivot, but I’d push back on the "financially irrational" framing for pure returns; for capital-constrained operators, BTC mining still offers a clearer ROI on legacy hardware than the heavy CAPEX required for AI training rigs. The real play isn’t just selling compute, but building the operational layer that bridges these two asset classes. How are you seeing the maintenance costs of hybrid facilities impact the actual timeline for smaller miners trying to make the switch?

The real test here won't just be the hardware retrofit, but the go-to-market pivot. Transitioning from volatile block rewards to signing multi-year enterprise contracts means these companies have to build serious B2B sales funnels and customer-success muscle virtually overnight. It is a completely different brand promise when your buyer is an enterprise demanding strict SLAs and uptime rather than a mining pool chasing hash rates.