Bitcoin mining has historically been the most dreadful business model. Highly volatile revenue streams meet high capital costs and a furious battle to find cheap power. It’s a form of industrial sado-masochism.
However, the growth of AI – and its huge computing appetite – is transforming the quality and visibility of revenue. In equity markets this has largely gone under the radar.
In the first of an occasional series on crypto related equities, market veteran Emil Wolter digs into the opportunity.
