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

On October 18, according to Bloomberg, the stocks of large computing companies that support the operation of bitcoin have once again outperformed bitcoin itself, as more companies shift to hybrid models centered on artificial intelligence and high-performance computing. These companies were initially referred to as "mining companies," a term derived from the analogy between the process of creating bitcoin and traditional precious metal (such as gold) mining. However, they have long been affected by bitcoin price fluctuations. Two years ago, the industry benefited from the early stages of the AI boom, but in the following year, as mining profits declined and competition intensified, their stock prices fell again.