Bloomberg: Crypto mining companies seizing the AI boom are gradually abandoning Bitcoin.

BlockBeats news, on October 18, according to Bloomberg, the stocks of large computing companies that support Bitcoin operations have once again outperformed Bitcoin itself, as more and more companies are shifting to a hybrid model centered around artificial intelligence and high-performance computing. These companies were initially referred to as “mining enterprises,” drawing an analogy from the process of creating Bitcoin to the extraction of traditional precious metals like gold, but they have long been affected by fluctuations in Bitcoin prices. Two years ago, the industry benefited from the early AI boom, but in the following year, as mining profits declined and competition intensified, their stock prices fell again.