Artificial Intelligence (AI) has become ubiquitous, making its presence felt across various sectors. Gradually infiltrating every aspect of human activity, this buzzword, although not entirely new, has captivated the minds of both seasoned tech gurus and novices alike.

The integration of the digital asset space and AI was inevitable. Industry players are actively exploring innovative approaches to integrate these two technologies. Hence, the pivot of crypto miners to this newfound tech darling is not surprising.

Miners have realized that AI-powered solutions hold the promise of addressing some of our most critical challenges. As we enter the next decade, it is abundantly clear that the digital future and AI are inextricably linked.

The ongoing AI boom is revitalizing the prospects of cryptocurrency miners, which have been reeling from the humbling market crash last year. This strategic shift has garnered its unique moniker: Mining 2.0

Crypto Miners Riding the AI Wave

Prominent players in the crypto mining industry are actively seeking greener pastures in the AI sector. One such is Hut8 which is expanding its horizon by venturing into non-mining services while simultaneously investing in high-performance data centers to cater to the growing demands of AI and computing requirements.

In a conversation with CryptoPotato, Hut8’s Erin Dermer said the company is “uniquely qualified to deliver on AI clients’ intensive workloads.”

Hut8 purchased five traditional high-performance computing data centers last year. Shortly thereafter, it moved some of its GPUs and supporting servers, previously mining Ethereum, into those data centers to perform VFX rendering and machine learning for its customers, primarily in the gaming and entertainment industries. Hut8 also revealed with clients, including XYZ AI, to deliver the computing power to support their text-to-graphic generative AI requirements.

Dermer said,

“We are very excited by the promise of AI and have been providing the computing infrastructure to deliver these high-demand computing services for some time. While we are still in the early days of AI adoption, we believe that whether we are mining Bitcoin or providing h