Bitcoin has successfully undergone its "halving" process, resulting in its price reaching a strong $66, 000, causing celebration in the cryptocurrency market. With the reduction of the mining reward from 6. 25 Bitcoin to 3. 125 Bitcoin, people are now speculating on the future of Bitcoin miners. Some believe that the implementation of generative artificial intelligence could play a crucial role in the improvement of Bitcoin mining infrastructure. Adam Sullivan, the CEO of Core Scientific, a Bitcoin mining firm, suggests that AI could be highly beneficial in generating Bitcoin, according to a CNBC report. Notably, several mining companies, including BitDigital, Hive, Hut 8, Terawfulf, and Core Scientific, are already utilizing or planning to utilize AI in their operations. Rob Chang, the CEO of Gryphon Digital Mining and former CFO of Bitcoin mining company Riot Platforms, shared in an email with Quartz that miners must strive for optimal operational efficiency to "survive" halving events, with AI potentially playing a significant role.

Chang also emphasized that while AI and diversification into other areas like staking may have their advantages, careful consideration is needed to balance the benefits with the potential downsides. Chang further explained that even miners without the latest equipment can remain competitive amidst the reduction in rewards. They can achieve this by operating in regions with lower electricity costs, such as areas with surplus power generation and insufficient local demand. These geographical advantages allow operations with older and less efficient machines to maintain profitability due to reduced operational expenses.