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#AI in the front, #bitcoin in the back — the “mullet mining” pitch promises a way to combine two power-hungry computing businesses at the same site. At the Energy Investors Forum (EIF), industry executives explained why the reality is more complicated: ⚡ Bitcoin mining can generate interim revenue while an AI campus is developed. 🏗️ Most mining sites are not AI-ready. Beyond land and a substation, AI requires far more expensive buildings, cooling, fiber, redundancy and backup systems. 💰 Panelists estimated that a bitcoin mine may cost $200,000 to $300,000 per megawatt to build, compared with more than $10 million per megawatt for AI infrastructure before chips. 🔥 The strongest hybrid model may be at sites with on-site generation, where bitcoin absorbs surplus electricity and shuts down when AI needs the power. 🥇 At locations capable of supporting a long-term AI tenant, however, bitcoin will usually become the junior load — or leave altogether. The panel’s key takeaway: Mullet mining can work, but only in a much narrower set of circumstances than the slogan suggests. Read the full story 👇 #EIF #Bitcoin #BitcoinMining #AI #DataCenters https://lnkd.in/gn5Rpsqq