Maybe a dumb question but AI won't run on bitcoin ASCIs to my knowledge. So these companies are selling their machines and buying new hardware? That's no joke and seems very capital intensive. They must have data centers and power agreements. Must be bleeding money to make that kind of shift.
So either they don't have conviction or didn't have reserves to weather the bear market. Happens every cycle. You'd think people would learn. Staying humble isn't easy I guess.
Maybe a dumb question but AI won't run on bitcoin ASCIs to my knowledge. So these companies are selling their machines and buying new hardware? That's no joke and seems very capital intensive. They must have data centers and power agreements. Must be bleeding money to make that kind of shift.
So either they don't have conviction or didn't have reserves to weather the bear market. Happens every cycle. You'd think people would learn. Staying humble isn't easy I guess.