Bitcoin Mines' AI Potential
"But Ashton Brenner looked past the Bitcoin rigs and saw what these companies actually owned. Vast tracks of permitted land, massive power substations already built and already connected into the grid, and they're sitting on industrial grade cooling systems already installed and already operational."
ℹ️ In shortAshton Brenner saw that Bitcoin mines possessed valuable assets like land, power substations, and cooling systems that could be repurposed for AI data centers.
Predictions closed
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… et's get to the next part of this cuz it's very interesting. For years, Bitcoin miners were treated as a giant financial joke, bigger than Bitcoin itself. Companies like Iron, which used to be Iris Energy, or CleanSpark, they were considered as speculative crypto plays, no real institutional respect, just kind of dog [ __ ] companies, essentially. But Ashton Brenner looked past the Bitcoin rigs and saw what these companies actually owned. Vast tracks of permitted land, massive power substations already built and already connected into the grid, and they're sitting on industrial grade cooling systems already installed and already operational. All you had to do, swap out the Bitcoin rigs, stick in some Nvidia GPUs, and you're off to go. You see, building an AI data center from scratch can take years, up to 5 years, when you account for permitting, construction, power infrastructure, all that kind of stuff. It's a nightmare. It takes a long time. But if you take an existing Bitcoin mine, …
Related claims by Lark Davis
Interest Rate Cut and Bull Run Forecast
The author predicts interest rates will be cut, inflation recalculated, and the job market ignored, leading to an unprecedented bull run until Trump is out of office.
Price Targets for Bitcoin and ETH
The target for Bitcoin is $80,000, and for Ethereum, it's $2,100, with tight stops below their invalidation points.
SIMD547: Activity-Based Solana Burns
SIMD547 introduces activity-based burns via resource pricing, meaning high demand periods automatically reduce supply, leading to deflation as Solana usage increases.
Impending Financial Storm
A massive financial storm is brewing, driven by over $1.3 trillion in toxic consumer credit debt and brutal corporate refinancing at high interest rates.