Data Centre Industry News & Market Intelligence

JPMorgan analyst: Bitcoin mining companies’ chances of winning AI data center service contracts are shrinking

ai data center contracts bitcoin

JPMorgan analyst: Bitcoin mining companies’ chances of winning AI data center service contracts are shrinking.

According to Odaily Planet Daily, JPMorgan analysts said that Bitcoin mining companies face a window period in the next nine months to sign data center and high-performance computing (HPC) service contracts with hyperscale computing and AI startups.

But the chances of getting HPC/AI data center deals are getting smaller. Due to delays in data center approvals and grid connections, Bitcoin miners can use their existing infrastructure to meet AI computing needs.

The report notes that the U.S. power grid has limited capacity and demand for AI and HPC will continue to grow until 2026.

READ the latest news shaping the data centre market at Data Centre Central

JPMorgan analyst: Bitcoin mining companies’ chances of winning AI data center service contracts are shrinking. source

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