Jihan Wu, co-founder of Bitmain and CEO of Bitdeer Technologies Group, reaffirmed his confidence in Bitcoin mining as a strategic financial hedge amid the rapid expansion of artificial intelligence infrastructure, during an interview at the Bloomberg New Economy Forum held in Singapore. The session focused on how the existing Bitcoin mining ecosystem can support broader tech infrastructure, including AI compute networks.
Speaking with Bloomberg’s Shery Ahn, Wu said that while some mining operators are rapidly pivoting portions of their facilities to AI data-center workloads, Bitdeer is choosing to maintain its core Bitcoin mining operations. Wu emphasized that continuing high-efficiency mining not only preserves stable cash flows but also fosters stronger confidence among power suppliers — a critical factor in supporting long-term investments in AI infrastructure.
“We love Bitcoin mining … and I think Bitcoin has a long-term future,” Wu said, adding that sustained mining activities help ensure profitability and consistent demand for power generation.
Bitcoin Mining as Infrastructure and Financial Hedge
Bitcoin mining remains a highly capital-intensive business, requiring substantial infrastructure — including transmission lines, power substations, and trained labor — that can overlap with AI data-center demands. Wu pointed out that Bitdeer controls approximately three gigawatts of power demand worldwide, with significant portions in the United States, which could be repurposed for AI workloads over time.
Rather than rushing into AI alone, Wu explained that continuing Bitcoin mining allows Bitdeer to maintain a reliable revenue base while navigating uncertainties around the timing and scale of AI demand. This approach gives both investors and power providers confidence that capital expenses will be effectively utilized and that infrastructure will not remain idle if AI adoption timelines shift.
“If we can do Bitcoin mining with the best efficiency, that will make our profitability and cash flow … much better,” Wu said, describing Bitcoin mining as a stabilizing force should AI investments face periods of lower demand or market correction.
Addressing Uncertainty in AI Infrastructure Growth
Wu’s comments come as the technology industry continues to grapple with speculation about potential bubbles in AI investment. While demand for AI compute is surging, the significant upfront capital required — including data-center construction and power procurement — introduces timing and utilization risks that have yet to fully materialize in long-term contracts.
By contrast, Bitcoin mining can generate cash flows immediately and has established market mechanisms for valuing output. Maintaining mining operations provides Bitdeer with financial flexibility and reduces reliance on speculative future revenue streams from AI services.
Industry Implications and Forward Strategy
Bitdeer’s strategy highlights a growing recognition in the tech sector that hybrid infrastructure models — combining traditional revenue-generating activities like Bitcoin mining with emerging AI data-center opportunities — may represent a prudent way forward. This is especially relevant as data-localization concerns and geopolitical pressures influence where and how AI compute capacity is deployed globally.
Wu’s remarks further underscore the continuing significance of Bitcoin mining in the broader technology landscape, even as AI emerges as one of the most capitalized and rapidly expanding sectors in computing.
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