of crypto mining firms looking to repurpose unused or inefficient crypto mining rigs for AI. It's CEO and founder,
“I don't see any problems and to switch from mining to AI data centers. The only one is where to find customers,” he said. “If we build everything, it requires a lot of capital for all these data centers. We have to first secure the demand side. We have to sign some kind of letter of intent with AI companies and then we can start building,” he added.Xive isn’t the only miner considering the move, with the similarly nameddropping “blockchain” from its name this week to become Hive Digital Technologies.
“I know one of the manufacturers who are already doing some heating projects in China. They are heating some residential apartments,” Bekbauov said. However, he added that smaller-scale mining operations, such as home miners and individual enthusiasts, still exist in regions with cheap enough electricity, noting that these miners are incentivized to continue due to their cost advantages and the ability to manage operations efficiently.
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