Global Unichip Hits Record High as AI Chip Demand Squeezes Bitcoin Mining
- —Global Unichip sales rose 111% year over year on AI chips
- —Canaan abandoned mass production of new ASIC miners
- —AI demand is pulling semiconductor manufacturing capacity away from mining
- —Slowing bitcoin hashrate growth could affect network difficulty
Why it matters: Pressure from AI demand on chip manufacturing could slow hashrate growth and worsen miners' economics.
Source: Coinfomania