This article is machine translated
Show original

Bitfarms has changed its name to Keel Infrastructure, abandoning all its mining rigs and going all-in on AI. Last week, xAI recruited crypto experts to train its models; this week, the mining company has simply changed its name. Have you noticed? The path for crypto companies to transform into AI is becoming increasingly uniform—it's not "blockchain + AI," it's abandoning blockchain and keeping only AI. With computing power in hand, the narrative can be easily changed. The GPU clusters used for mining back then would still be just as effective for running large models today. To put it bluntly, this isn't a fusion of crypto and AI; it's crypto infrastructure being swallowed up by AI. Mining companies have computing power, electricity, and data centers; AI companies lack all of these. It's less of a transformation and more of an acquisition. Do you think this is a smart move to adapt to the trend, or a complete collapse of the crypto narrative? Bitfarms' stock price immediately surged after its transformation. The capital market is voting with money—mining is no longer sexy; computing power leasing is. Who will be the next mining company to change its name?

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments