MARA Holdings CEO says supplying power to AI is far more profitable than BTC mining

MARA Holdings CEO Fred Thiel said in a recent interview that supplying power to artificial intelligence is far more profitable than Bitcoin mining. Thiel added that this is why many mining companies, including MARA Holdings, are shifting toward AI data center operations. He said Bitcoin mining will continue, however, as it remains a viable way to operate in regions with low power production costs or to use surplus electricity efficiently.