Bitcoin miners don't need bitcoin. The have the most vaulable asset on the planet right now...The Datacenter!
As local municipalities push back on New datacenter development / expansion, and bitcoin price takes a dump...existing infrastructure currently used by BTC miners will get reallocated to AI with AI hosting agreements or straight up mining acquisitions.
$NVDA just gave us the gameplan. NVIDIA did not record any china sales for H-20 chips. Nor does it expect to for Q3. Bookmark this. Set a reminder...
Any Tariff deal that allows for chips to china will be a boon for NVIDIA.