As per the words of Phil Harvey who is the CEO of the company, Bitcoin miners will on average get about $1. 50 in terms of revenues per terahash monthly in the current run of the market cycle.
While Bitcoin mining firms try to expand the business into data centers to support revenue streams, the narrative here has been dominated by the migration to high-performance computing. Phil Harvey, the CEO of consulting firm Sabre56, which specializes in blockchain data centers, spoke with Cointelegraph about why such headlines are nonsensical.
Harvey was quick to point out that operating an AI or high-performance data center is much more costly than operating a crypto mining facility. The CEO maintained that the rough estimate of the operation cost of a standard commercial mining plant is between $300, 000 – 350, 000 for every Megawatt. at the same time, AI data centers cost between $3- $5 million per megawatt to run, that is 10-15 times more.
The post Converting Bitcoin Mining Sites to AI Data Centers is a Costly Challenge: Sabre56 CEO appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
