Admission from the World’s Largest Bitcoin Miner: Artificial Intelligence is More Profitable Than Mining

Fred Thiel, CEO of MARA—one of the world’s largest Bitcoin mining companies—announced that AI data centers offer much higher profit margins in electricity usage compared to Bitcoin mining.

MARA (formerly Marathon Digital), one of the giants of the cryptocurrency world, is signaling a strategic transformation. The company’s CEO, Fred Thiel, made striking assessments regarding the efficient use of energy resources in an interview. According to Thiel, electricity—which has become today’s most critical resource—yields significantly higher returns when used in artificial intelligence (AI) projects compared to Bitcoin (BTC) mining.

Thiel emphasized that processing the same amount of electric power in AI data centers surpasses the earnings derived from mining activities. This clearly explains why MARA and many of its industry competitors are pivoting toward AI data centers. The company aims to channel its energy capacity into areas that will generate the highest profit.

Energy Balance Between AI and Mining

CEO Fred Thiel stated that despite this strategic change, they will not completely abandon Bitcoin mining. The company will continue its mining activities to utilize surplus electricity, especially in regions where energy is free or very cheap. This approach allows MARA to both adapt to evolving technology trends and maintain its deep-rooted position in the cryptocurrency ecosystem.

This industry transformation shows that mining companies are becoming not just cryptocurrency producers, but also massive energy and data management centers. Thiel’s remarks prove that electricity is no longer just a cost item but a strategic asset that must be allocated to the technology offering the highest return. The company plans to maximize its profitability by optimizing energy resources.