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AI clusters and bitcoin mining operations have vastly different needs. Core Scientific's chief development officer gets down to the nitty gritty.

Miners face uncertain times as the halving changes Bitcoin’s economics. Which groups are best positioned for the future? Dan Weiskopf, at Tidal Financial Group, gives a run-down.

The top 4 miners by market cap all beat their monthly production numbers

Transfers from bitcoin {{BTC}} mining pools to exchanges reached a two-month high this week as BTC hovered around its local high $70,000.

The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.

The total market cap of the listed miners in the bank’s coverage has increased 131% since the end of September.

Miners will be faced with substantial cost increases as a result of the halving, with electricity and bitcoin production costs almost doubling, the report said.

The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.

U.S. listed bitcoin miners draw up to 5 gigawatts of power and have access to an additional 2.5 GW, making them attractive potential takeover targets, the report said.