Interesting stocks of bitcoin miners diversifying into AI

In the context of the current Bitcoin halving cycle and the growing interest in artificial intelligence (AI), it may be interesting to see mining companies diversifying and investing in AI technologies. This strategy may provide additional growth potential beyond traditional Bitcoin mining.

Core Scientific $CORZ+1.7%

Core Scientific is one of the largest publicly traded Bitcoin mining companies. The company recently entered into a significant 12-year agreement with CoreWeave, an AI-focused high-performance computing (HPC) provider. This deal is a key step into the AI space for Core Scientific and has contributed significantly to the stock price, which has risen 170% this year. This shows the company's ability to adapt to new technology trends and use them to expand its revenue streams.

Riot Platforms, Inc. $RIOT+0.7%

Riot Platforms, formerly known as Riot Blockchain, is another major player in the Bitcoin mining space. The company is investing in expanding its mining capabilities and looking for new opportunities, including the use of artificial intelligence. Riot Platforms is also actively seeking cheap renewable energy sources, which may be a competitive advantage in the current Bitcoin halving cycle.

Marathon Digital Holdings, Inc. $MARA-3.9%

Marathon Digital is another large mining company that is focused on maximizing its mining capacity. The company is focused on expanding its operations and increasing efficiency through new technologies, including AI. Marathon is also partnering with renewable energy providers, which is helping it reduce mining costs and minimize its environmental impact.

Hut 8 Mining Corp. $HUT+2.0%

Hut 8 is a Canadian company that specializes in Bitcoin mining and blockchain infrastructure. The company is actively investing in advanced technologies, including artificial intelligence, and is looking for opportunities to diversify its revenue. Hut 8 is also focusing on using renewable energy for its mining operations.

Hive Blockchain Technologies Ltd. $HIVE+9.5%

Hive Blockchain is one of the first publicly traded companies focused on cryptocurrency mining. The company has global mining operations and invests in innovative technologies, including AI. Hive Blockchain also focuses on environmentally sustainable mining and partners with green energy providers.

Investing in the stocks of bitcoin miners that diversify into AI may offer attractive growth potential. Companies such as Core Scientific, Riot Platforms, Marathon Digital, Hut 8 Mining and Hive Blockchain are showing that they are able to adapt to new technology trends and use them to improve their operations and increase shareholder value.