According to the latest report published by JPMorgan, BTC miners are exploring new lines of business ahead of the halving of the per-block reward from 6.25 BTC to 3.125 BTC.
The company's analysts reportedly believe miners could profit by providing IT services in the artificial intelligence (AI) market.
After the transition of the Ethereum network to the proof-of-stake consensus algorithm, a large number of GPUs appeared on the secondary market. According to the company's experts, ETH former miners will also pay attention to the AI industry.
JPMorgan has written:
"With the rapid growth of AI, the increased demand for HPC is now opening a new and perhaps more profitable avenue for utilizing GPUs previously used for Ethereum mining."
According to the report, tests conducted by miners to provide computing power have shown high profitability, superior to Bitcoin mining.