Crypto Companies Seek Mergers to Expand into AI, as Bitcoin Halving Makes Mining Less Profitable

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Crypto companies are pursuing mergers and acquisitions as bitcoin miners look to diversify into artificial intelligence due to the bitcoin halving making mining less profitable. Bitcoin miners' large data centers with power and fiber access are well-suited to compute-intensive AI, driving partnerships between miners and AI companies. Robinhood, CoreWeave, and Coatue have invested in crypto-mining companies to enhance their computing infrastructure.