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Bitcoin Mining Turns Industrial as AI Shifts Toward On‑Device Use

Analysts say rising power costs and gains in small, local models are reshaping where computing happens.

Overview

  • Galaxy Research’s Alex Thorn said AI could become personal and on‑device as open‑source models get smaller, cheaper, and more efficient.
  • Bitcoin mining has moved from home PCs to large facilities that run specialized ASIC machines built only for hashing.
  • KuCoin reported miners are relocating gear to cheaper hydroelectric hubs, naming Ethiopia and Paraguay as standout destinations.
  • High electricity prices in parts of the United States have made some sites unprofitable, with estimated costs per bitcoin sometimes topping $100,000.
  • Grand View Research projects the Edge AI market at roughly $119 billion by 2033, citing more connected devices and stronger privacy needs.