AI is currently demand driven due to shortage, whereas Bitcoin mining is mostly supply driven. If all these corporate mining farms are going to sell their ASICs, it means buying oppty though, so all it does is short-term fluctuation.

optimism

Galaxy raises $460 million in push to transform Texas BTC site into AI data hub

0xbitcoiner

This whole thing about converting Bitcoin farms into AI data centers isn't new to me either. And honestly, it brings up some real questions about the future of mining. Maybe it's nothing, I hope this doesn't become a big trend. But this move by Galaxy must be a strategic play, since they're just chasing the money (AI 'bubble').